Section 59-53-480 - Exemptions from statutory bonding, leasing, procurement, and disposition of surplus property requirements; adoption of procurement policy(A) The authority and its permanent improvements and the financing of them are exempt from the provisions of Chapter 47 of Title 2, and the leasing of property and the granting of easements and rights-of- way by the authority are exempt from the provisions of Sections 1-11-55, 1-11-56, 1-11-57(1), and 10-1-130.(B) For all matters associated with the enterprise campus, the authority is exempt from the South Carolina Consolidated Procurement Code; except that, the authority shall adopt a procurement policy requiring competitive solicitations, and the policy must be filed with and approved by the State Fiscal Accountability Authority. The policy must include provisions for audit and recertification.(C) The authority is exempt from all regulations and general laws governing disposal of surplus government property.2006 Act No. 368, Section 4, eff 6/12/2006.