All procurements of infrastructure, as defined in Section 11-41-30 and owned by a research university, as defined in Section 11-51-30(5), shall be exempt from Title 11, Chapter 35, except that such research university must work in conjunction with the State Fiscal Accountability Authority's Chief Procurement Officer to establish alternative procurement procedures. The research university shall submit its alternative procurement procedures to the State Fiscal Accountability Authority for approval. The procurement process shall include provisions for audit and recertification.
S.C. Code Ann. § 11-41-180
Infrastructure procurement procedures for research universities
Known as the State General Obligation Economic Development Bond Act
The act spans §§ 11–11 (19 sections).
2004 Act No. 187, SECTION 3.E; 2014 Act No. 121 (S.22), Pt VII, SECTION 20.H.3, eff July 1, 2015.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.