S0314: Higher Education Permanent Improvement Projects

Legislative Summary

Amend The South Carolina Code Of Laws By Amending Section 2-47-40, Relating To Information Provided To The Joint Bond Review Committee, So As To Delete The Requirement That The Commission On Higher Education Forward And Comment On The Submission Of Institutions Of Higher Learning; To Amend Section 2-47-50, Relating To Permanent Improvement Projects, So As To Revise The Definition Of Permanent Improvement Project; By Adding Section 2-47-52 So As To Exempt Certain Projects From Being Considered A Permanent Improvement Project; By Amending Section 2-47-55, Relating To The Comprehensive Permanent Improvement Plan, So As To Delete A Reporting Provision; By Amending Section 2-47-56, Relating To Gifts In Kind For Architectural And Engineering Services, So As To Define "source Of Funds"; By Amending Section 59-119-940 And Act 518 Of 1980, Both Relating To Borrowing Limitations At Certain Institutions, So As To Increase The Limit; By Amending Section 1-11-55, Relating To Lease Agreements, So As To Increase The Limit Of Lease Agreements For Certain Institutions; And By Repealing Section 59-103-110 Relating To The Approval Of New Construction At Certain Institutions. - Ratified Title