South Carolina § 59-53-480 - Exemptions from statutory bonding, leasing, procurement, and disposition of surplus property requirements; adoption of procurement policy.
Full text of South Carolina South Carolina Code of Laws § 59-53-480 — Exemptions from statutory bonding, leasing, procurement, and disposition of surplus property requirements; adoption of procurement policy., with citation guidance and answers to common questions.
§ 59-53-480. Exemptions from statutory bonding, leasing, procurement, and disposition of surplus property requirements; adoption of procurement policy.
(A) The authority and its permanent improvements and the financing of them are exempt from the provisions of Chapter 47 of Title 2, and the leasing of property and the granting of easements and rights-of- way by the authority are exempt from the provisions of Sections 1-11-55, 1-11-56, 1-11-57(1), and 10-1-130.
(B) For all matters associated with the enterprise campus, the authority is exempt from the South Carolina Consolidated Procurement Code; except that, the authority shall adopt a procurement policy requiring competitive solicitations, and the policy must be filed with and approved by the State Fiscal Accountability Authority. The policy must include provisions for audit and recertification.
(C) The authority is exempt from all regulations and general laws governing disposal of surplus government property.
HISTORY: 2006 Act No. 368, SECTION 4, eff June 12, 2006.
Source: official South Carolina text · Last verified 2026-08-27
Frequently Asked Questions About South Carolina § 59-53-480
What does South Carolina Code of Laws § 59-53-480 cover?
Section 59-53-480 ("Exemptions from statutory bonding, leasing, procurement, and disposition of surplus property requirements; adoption of procurement policy.") 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 § 59-53-480?
A common citation format is "South Carolina Code of Laws § 59-53-480" (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 § 59-53-480 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.