M. 1. Section 115130(6) of the 1976 Code is amended to read: means the South Carolina State Budget and “(6) ‘State board’ Control Board governing board of the State Fiscal Accountability Authority.” 2. Section 1151125(A)(2) of the 1976 Code is amended to read: thirtyfive percent of the total twelve percent must be “(2) allocated by FTE student enrollment from the prior academic year at each eligible institution. The Research Centers of Excellence Review Board has no jurisdiction over these projects and no matching requirement is imposed for these projects. The Joint Bond Review Committee must review and the State Budget and Control Board Fiscal Accountability Authority must approve all projects.” 3. Section 1151190 of the 1976 Code is amended to read: 1151190. The research universities while engaging in “Section projects related to this act shall be exempt from the state procurement process, except such research universities must work in conjunction with the Budget and Control Procurement Oversight Chief Procurement Officer to establish alternate Board’s procurement procedures, and must submit a procurement process to the State Commission on Higher Education to be forwarded to the State Budget and Control Board Fiscal Accountability Authority for approval. These processes shall include provisions for audit and recertification.” N. Section 5910930(1) of the 1976 Code is amended to read: means the State Budget and Control Board “(1) ‘Authority’ Fiscal Accountability Authority, acting as the Educational Facilities Authority for Private Nonprofit Institutions of Higher Learning and serving ex officio.” O. Section 5910940 of the 1976 Code is amended to read: 5910940. There is hereby created a body politic and “Section corporate to be known as the Facilities Authority for ‘Educational Private Nonprofit Institutions of Higher hereinafter in Learning,’ this chapter called the Authority. The Authority is constituted a
M. 1. Section 115130(6) of the 1976 Code is amended to read: “(6) ‘State board’ means the South Carolina State Budget and Control Board governing board of the State Fiscal Accountability Authority.” 2. Section 1151125(A)(2) of the 1976 Code is amended to read: “(2) thirtyfive percent of the total twelve percent must be allocated by FTE student enrollment from the prior academic year at each eligible institution. The Research Centers of Excellence Review Board has no jurisdiction over these projects and no matching requirement is imposed for these projects. The Joint Bond Review Committee must review and the State Budget and Control Board Fiscal Accountability Authority must approve all projects.” 3. Section 1151190 of the 1976 Code is amended to read: “Section 1151190. The research universities while engaging in projects related to this act shall be exempt from the state procurement process, except such research universities must work in conjunction with the Budget and Control Procurement Oversight Board’s Chief Procurement Officer to establish alternate procurement procedures, and must submit a procurement process to the State Commission on Higher Education to be forwarded to the State Budget and Control Board Fiscal Accountability Authority for approval. These processes shall include provisions for audit and recertification.” N. Section 5910930(1) of the 1976 Code is amended to read: “(1) ‘Authority’ means the State Budget and Control Board Fiscal Accountability Authority, acting as the Educational Facilities Authority for Private Nonprofit Institutions of Higher Learning and serving ex officio.” O. Section 5910940 of the 1976 Code is amended to read: “Section 5910940. There is hereby created a body politic and corporate to be known as the ‘Educational Facilities Authority for Private Nonprofit Institutions of Higher Learning,’ hereinafter in this chapter called the Authority. The Authority is constituted a
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