As used in this article:
(1) "Board" means the board of trustees of the College of Charleston.
(2) "Equipment" means items with a useful life of at least fifteen years.
(3) "Academic and administrative buildings" means the real and personal property and equipment to be utilized by the School of the Arts, the School of Education, the School of Science and Mathematics, the Physical Education/Arena Complex, and the Student Center, whether or not the acquisition or construction of these facilities are financed from the proceeds of bonds issued pursuant to the provisions of this article.
(4) "Fees and revenues" means the special student fees and revenues derived or to be derived from the operation, sale, lease, or other disposition of the facilities.
(5) "University" means the College of Charleston.