S.C. Code Ann. § 59-147-20: Definitions.

As used in this chapter:

(1) "board" means the board of trustees of the university;

(2) "equipment" means items with a useful life of at least fifteen years;

(3) "facilities" means the real and personal property and equipment specified in Section 59-147-20(2) of this chapter whether or not the acquisition or construction thereof is financed from the proceeds of bonds issued pursuant to this chapter;

(4) "revenues" means the revenues derived or to be derived from the operation, sale, lease, or other disposition of the facilities; and

(5) "university" means all research and four-year public institutions of higher education.