As used in this article: (1) 'Bond' or 'bonds' means any note, bond, installment contract, or other evidence of indebtedness issued pursuant to this chapter. (2) 'Clemson' means Clemson University. (3) 'Facilities' means any or all of the following facilities operated to provide for the students, faculty, or staff at Clemson: 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 Clemson, or which may be acquired by Clemson for any of these purposes. (4) 'Revenues' of any facilities means the entire receipts of Clemson from the operation of the facilities. 'Net revenues' means these receipts reduced by the necessary expenses for operation and maintenance of the facilities. (5) 'Authority' means the State Fiscal Accountability Authority. (6) 'Trustees' means the Board of Trustees of Clemson or any successor body. HISTORY: 1990 Act No. 502, Section 1.
South Carolina Legal Code