§ 59-125-310 Purpose
§ 59-125-320 Definitions
§ 59-125-330 Acquisition and improvement of facilities
§ 59-125-340 Authority to bond
§ 59-125-350 Securement of repayment
§ 59-125-360 Faith and credit of State
§ 59-125-370 Tenor, terms, and conditions of bonds
§ 59-125-380 Tax-exempt status
§ 59-125-390 Lawful investment
§ 59-125-400 Form of bonds
§ 59-125-410 Disposal of bonds
§ 59-125-420 Procedures and covenants for repayment
§ 59-125-430 Time limit

Terms Used In South Carolina Code > Title 59 > Chapter 125 > Article 3 - Winthrop University Facilities Revenue Bond Act

  • Authority: means the State Fiscal Accountability Authority. See South Carolina Code 59-125-320
  • bonds: means any note, bond, installment contract, or other evidence of indebtedness issued pursuant to this chapter. See South Carolina Code 59-125-320
  • Contract: A legal written agreement that becomes binding when signed.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • 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.
  • Facilities: means any or all of the following facilities operated to provide for the students, faculty, or staff at Winthrop: dining or food service facilities; laundry facilities; canteen facilities; vending machines; convenience stores; any other facilities for the sale of sundry items; health services; book stores, parking lots and vehicle registration; and all furniture, furnishings, and equipment in them, which are now owned by Winthrop, or which may be acquired by Winthrop for any of these purposes. See South Carolina Code 59-125-320
  • Fiduciary: A trustee, executor, or administrator.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Net revenues: means these receipts reduced by the necessary expenses for operation and maintenance of the facilities. See South Carolina Code 59-125-320
  • 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.
  • Trustee: A person or institution holding and administering property in trust.
  • Trustees: means the Board of Trustees of Winthrop or any successor body. See South Carolina Code 59-125-320
  • Winthrop: means Winthrop University. See South Carolina Code 59-125-320