South Carolina Code 59-53-2470. Powers and duties of commission; designation of area and purpose of enterprise campus; management, development, and operation; conveyance of real and personal property
(B) A commission may provide for the management, development, and operation of part or all of the enterprise campus property by an authority.
Terms Used In South Carolina Code 59-53-2470
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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
- Commission: means an area commission as defined by § 59-53-52. 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
- 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.
(C) An area commission is authorized to enter into contracts with the Enterprise Campus Authority for the provision of executive and administrative services to an 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 part of its real and personal property and other assets constituting the enterprise campus to the Enterprise Campus Authority upon such terms and conditions as the commission determines. The commission may sell, convey, lease, exchange, transfer, or give all or part of its real and personal property and other assets constituting the enterprise campus, other than the property defined pursuant to paragraph (A), 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 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.