(A) As used in this section, "Northeast Campus" means the commission’s real property and facilities located near the South Carolina Research Authority and Northwoods Golf Course properties and bounded in part by Pisgah Church Road, Powell Road, and Gateway Plantation Road, and "Enterprise Campus" means the Northeast Campus and all other real property and facilities designated by the commission. The properties designated by the commission do not have to be contiguous with the Northeast Campus to be designated as part of the Enterprise Campus.

(B) The commission may provide for the management, development, and operation of part or all of its Northeast Campus property by the Midlands Technical College Enterprise Campus Authority.

Terms Used In South Carolina Code 59-53-1725

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Personal property: All property that is not real property.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.

(C) The commission is authorized to enter into contracts with the Midlands Technical College Enterprise Campus Authority for the provision of executive and administrative services to the authority.

(D) In the fulfillment of the power contained in this section, the commission is authorized to sell, convey, lease, exchange, transfer, or give all or any part of its real and personal property and other assets constituting the Northeast Campus to the Midlands Technical College Enterprise Campus Authority upon such terms and conditions as the commission determines. The commission may sell, convey, lease, exchange, transfer, or give all or any part of its real and personal property and other assets constituting the Enterprise Campus, other than the Northeast Campus, to the Midlands Technical College Enterprise Campus Authority only upon approval by the State Board for Technical and Comprehensive Education. The commission may buy, purchase, or otherwise acquire and accept real and personal property and other assets from the Midlands Technical College Enterprise Campus Authority only in accordance with all regulations and general laws applicable to state-supported technical institutions in the acquisition and acceptance of real and personal property and other assets.

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