South Carolina § 59-53-151 - Definitions.
Full text of South Carolina South Carolina Code of Laws § 59-53-151 — Definitions., with citation guidance and answers to common questions.
§ 59-53-151. Definitions.
As used in this article:
(1) "Board" shall mean the State Board for Technical and Comprehensive Education.
(2) "Bonds" shall mean the special obligation bonds of the particular technical education college or center for whom bonds are issued.
(3) "Bond reserve fund" shall mean each special fund to be established which shall be in the custody of the State Treasurer and which is primarily established for the purpose of providing a reserve with which to meet the payment of the principal of and interest on bonds issued for any college in the event that payments otherwise required for the debt service fund shall be insufficient to meet the payment of such principal and interest as and when they become due and payable. Moneys in the bond reserve fund may also be used to pay costs of plant improvements for such college in accordance with the provisions of Section 59-53-164 of this article.
(4) "College" shall mean each of the technical education colleges or centers.
(5) "Debt service fund" shall mean each fund to be established for the payment of the principal of and interest on the bonds issued for any college.
(6) "Plant improvements" shall mean the construction of and improvements to the buildings and equipment constituting facilities for any college.
(7) "Special student fee" shall mean the fee authorized to be established by the board at any college to provide funds for the repayment of bonds issued for such college.
(8) "Department of Administration or State Fiscal Accountability Authority, as appropriate" shall mean the State Department of Administration or State Fiscal Accountability Authority, as appropriate.
HISTORY: 1978 Act No. 646, SECTION 5.
Frequently Asked Questions About South Carolina § 59-53-151
What does South Carolina Code of Laws § 59-53-151 cover?
Section 59-53-151 ("Definitions.") 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 § 59-53-151?
A common citation format is "South Carolina Code of Laws § 59-53-151" (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 § 59-53-151 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.