South Carolina § 11-51-70 - Certification of costs to State Budget and Control Board prior to issuance of general obligation debt.
Full text of South Carolina South Carolina Code of Laws § 11-51-70 — Certification of costs to State Budget and Control Board prior to issuance of general obligation debt., with citation guidance and answers to common questions.
§ 11-51-70. Certification of costs to State Budget and Control Board prior to issuance of general obligation debt.
As a condition precedent to the issuance of general obligation debt pursuant to the provisions of this chapter, the Research Centers of Excellence Review Board shall certify to the state board that at least fifty percent of the cost of each research infrastructure project is being provided by private, federal, municipal, county, or other local government sources. This portion of the cost, in the discretion of the Research Centers of Excellence Review Board, may be in the form of cash; cash equivalent; buildings including sale-lease back; gifts in kind including, but not limited to, land, roads, water and sewer, and maintenance of infrastructure; facilities and administration costs; equipment; or furnishings.
HISTORY: 2004 Act No. 187, SECTION 9.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 11-51-70
What does South Carolina Code of Laws § 11-51-70 cover?
Section 11-51-70 ("Certification of costs to State Budget and Control Board prior to issuance of general obligation debt.") is part of the South Carolina Code of Laws, the codified statutory law of South Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Carolina § 11-51-70?
A common citation format is "South Carolina Code of Laws § 11-51-70" (South Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Carolina official source linked on this page or consult a licensed South Carolina attorney.
How does South Carolina § 11-51-70 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Carolina.