§ 13-17-10 Establishment of South Carolina Research Authority
§ 13-17-20 South Carolina Research Authority; divisions; objectives
§ 13-17-40 Members of board; terms; vacancies; compensation; annual reports; meetings
§ 13-17-50, 13-17-60
§ 13-17-70 Powers of board of trustees
§ 13-17-80 Board of trustees to exercise power of authority; exceptions; quorum
§ 13-17-81 “Research park” defined
§ 13-17-83 South Carolina Research Division to operate research parks in cooperation with other entities
§ 13-17-85 Confidentiality
§ 13-17-87 Establishment of Research Innovation Centers; purposes; operation; locations; funding
§ 13-17-88 Target programs of excellence; Industry Partnership Fund
§ 13-17-89 Prohibition on pledging credit of State
§ 13-17-90 Exemption from taxation
§ 13-17-100 State not obligated, liable, or responsible
§ 13-17-130 Assistance to public and private universities
§ 13-17-140 Identification of common interest areas; promotion of universities
§ 13-17-150 Establishment of statewide professional research organization
§ 13-17-160 Restrictions on authority
§ 13-17-170 Exemption of authority and its employees from certain Code provisions
§ 13-17-180 Not-for-profit corporations; powers and limitations; annual audit

Terms Used In South Carolina Code > Title 13 > Chapter 17 - South Carolina Research Authority

  • Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Ex officio: Literally, by virtue of one's office.
  • 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.
  • 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
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: includes any individual, trust, estate, partnership, receiver, association, company, limited liability company, corporation, or other entity or group; and

    (2) "individual" means a human being. See South Carolina Code 12-2-20
  • Personal property: All property that is not real property.
  • Quorum: The number of legislators that must be present to do business.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Trustee: A person or institution holding and administering property in trust.