It shall require a two-thirds vote of the board of trustees to authorize the expenditure of any monies appropriated to the university by the State or to authorize the sale, transfer or reinvestment of any property or monies arising from the sale of any property under the provisions of this chapter. All such actions shall be exercised in a manner consistent with the provisions of Chapter 35 of Title 11 of the 1976 Code.
S.C. Code Ann. § 59-119-80
Expenditure of moneys and use of property generally
1962 Code SECTION 22-208; 1952 Code SECTION 22-208; 1942 Code SECTION 5734; 1932 Code SECTION 5734; Civ
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.