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Special study of long-term obligations
South Carolina State Auditor
South Carolina State Auditor
Issue Date
2021-10-27
Type
Text
Keywords
Universities and colleges--South Carolina--Finance, Debts, Public--South Carolina, Liabilities (Accounting)--South Carolina
Abstract
Proviso 105.5, fiscal year 2022, directs the State Auditor to identify certain long-term obligations by state institutions of higher learning, and report findings to the General Assembly. The intent is to identify those obligations which are long-term debt or tantamount to long-term debt, or those which, if not honored, might result in a negative rating action on the institution’s or the State’s credit rating.
Rights
Copyright status determined to be in the public domain on April 27, 2020 by United States Supreme Court ruling (Georgia et al., Petitioners v. Public.Resource.Org, Inc. : 590 U.S.__(2020))