Upon approval of the State Fiscal Accountability Authority or the Department of Administration, as appropriate, the board is authorized to lease or sell any real property which may have been or may be donated to the university during any fund campaign. The proceeds of any lease or sale must be applied to the original purpose of the donation of the property leased or sold.
S.C. Code Ann. § 59-133-50
Authority to sell or lease donated real property
1988 Act No. 510, SECTION 2; 2008 Act No. 355, SECTION 8, eff June 25, 2008.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.