Terms Used In South Carolina Code 59-53-2450

  • Authority: means a technical college Enterprise Campus Authority. See South Carolina Code 59-53-2400
  • Board: means the governing body of an authority. See South Carolina Code 59-53-2400
  • Enterprise campus: means the real and personal property subject to the management and control of an authority. See South Carolina Code 59-53-2400
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
An authority shall submit an annual report on the development and use of the enterprise campus to the State Board for Technical and Comprehensive Education, the Governor, the State Fiscal Accountability Authority and the Department of Administration, the Chairman of the Ways and Means Committee of the House of Representatives, and the Chairman of the Finance Committee of the Senate. The report must be submitted not later than six months after the end of each fiscal year.