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        <FormAndLineReferenceDesc>PART IV, SECTION A, LINE 2</FormAndLineReferenceDesc>
        <ExplanationTxt>AS A GOVERNMENTAL UNIT, THE SCHOOL DISTRICT IS NOT REQUIRED TO APPLY FOR RECOGNITION OF TAX EXEMPT STATUS WITH THE IRS.</ExplanationTxt>
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        <ExplanationTxt>IN ADDITION TO HAVING KEY DISTRICT EMPLOYEES ON THE BOARD OF THE ORGANIZATION, THE DISTRICT ALSO HAS A LEGAL AGREEMENT IN PLACE GOVERNING THE USE AND PURCHASE OF THE FACILITIES BEING FINANCED BY THE ORGANIZATION ON BEHALF OF THE DISTRICT.</ExplanationTxt>
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        <FormAndLineReferenceDesc>PART IV, SECTION E, LINE 2A</FormAndLineReferenceDesc>
        <ExplanationTxt>EDUCATIONAL FACILITIES CORPORATION ACCOUNTS FOR THE ACTIVITY ASSOCIATED WITH FINANCING THE ACQUISITION, CONSTRUCTION, AND EQUIPPING OF NEW SCHOOL FACILITIES FOR THE SCHOOL DISTRICT OF PICKENS, SC THROUGH PROCEEDS OF INSTALLMENT PURCHASE REVENUE BONDS.</ExplanationTxt>
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        <ExplanationTxt>THE FACILITIES CORPORATION WAS THE ENTITY SETUP TO MANAGE THE ACQUISITION, CONSTRUCTION AND RENOVATION OF PROPERTIES FOR THE BENEFIT OF THE SCHOOL DISTRICT OF PICKENS COUNTY.</ExplanationTxt>
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      <TotalBookValueProgramRltdAmt>145443986</TotalBookValueProgramRltdAmt>
    </IRS990ScheduleD>
    <IRS990ScheduleJ documentId="RetDoc3">
      <SeverancePaymentInd>false</SeverancePaymentInd>
      <SupplementalNonqualRtrPlanInd>false</SupplementalNonqualRtrPlanInd>
      <EquityBasedCompArrngmInd>false</EquityBasedCompArrngmInd>
      <CompBasedOnRevenueOfFlngOrgInd>false</CompBasedOnRevenueOfFlngOrgInd>
      <CompBsdOnRevRelatedOrgsInd>false</CompBsdOnRevRelatedOrgsInd>
      <CompBsdNetEarnsFlngOrgInd>false</CompBsdNetEarnsFlngOrgInd>
      <CompBsdNetEarnsRltdOrgsInd>false</CompBsdNetEarnsRltdOrgsInd>
      <AnyNonFixedPaymentsInd>false</AnyNonFixedPaymentsInd>
      <InitialContractExceptionInd>false</InitialContractExceptionInd>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>DR DANNY MERCK</PersonNm>
        <TitleTxt>SUPERINTENDENT</TitleTxt>
        <CompensationBasedOnRltdOrgsAmt>246758</CompensationBasedOnRltdOrgsAmt>
        <DeferredCompRltdOrgsAmt>61467</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsRltdOrgsAmt>12247</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationRltdOrgsAmt>320472</TotalCompensationRltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <RltdOrgOfficerTrstKeyEmplGrp>
        <PersonNm>MATT OWENS</PersonNm>
        <TitleTxt>DISTRICT CFO, SEC/TR</TitleTxt>
        <CompensationBasedOnRltdOrgsAmt>138066</CompensationBasedOnRltdOrgsAmt>
        <DeferredCompRltdOrgsAmt>34392</DeferredCompRltdOrgsAmt>
        <NontaxableBenefitsRltdOrgsAmt>5929</NontaxableBenefitsRltdOrgsAmt>
        <TotalCompensationRltdOrgsAmt>178387</TotalCompensationRltdOrgsAmt>
      </RltdOrgOfficerTrstKeyEmplGrp>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>SCHEDULE J, PART III</FormAndLineReferenceDesc>
        <ExplanationTxt>COMPENSATION REPORTED FOR EMPLOYEES OF THE SCHOOL DISTRICT OF PICKENS COUNTY IS FOR WORK PERFORMED AS EMPLOYEES OF THE DISTRICT AND NOT FOR THEIR EX OFFICIO ROLE WITH SCAGO EDUCATIONAL FACILITIES CORPORATION. COMPENSATION IS SET UNDER THE GUIDELINES ESTABLISHED BY THE DISTRICT.</ExplanationTxt>
      </SupplementalInformationDetail>
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        <BondReferenceCd>A</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1Txt>SCAGO EDUCATIONAL FACILITIES CORP</BusinessNameLine1Txt>
        </IssuerName>
        <BondIssuerEIN>141984342</BondIssuerEIN>
        <CUSIPNum>80585TCH2</CUSIPNum>
        <BondIssuedDt>2015-04-01</BondIssuedDt>
        <IssuePriceAmt>296585354</IssuePriceAmt>
        <PurposeDesc>TO ADVANCE REFUND SERIES 2006 BONDS</PurposeDesc>
        <DefeasedInd>false</DefeasedInd>
        <OnBehalfOfIssuerInd>true</OnBehalfOfIssuerInd>
        <PoolFinancingInd>false</PoolFinancingInd>
      </TaxExemptBondsIssuesGrp>
      <TaxExemptBondsProceedsGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <RetiredAmt>130155000</RetiredAmt>
        <TotalProceedsAmt>296585354</TotalProceedsAmt>
        <IssuanceCostsFromProceedsAmt>926326</IssuanceCostsFromProceedsAmt>
        <OtherSpentProceedsAmt>295659028</OtherSpentProceedsAmt>
        <SubstantialCompletionYr>2016</SubstantialCompletionYr>
        <RefundingTaxExemptBondsInd>false</RefundingTaxExemptBondsInd>
        <RefundingTaxableBondsInd>true</RefundingTaxableBondsInd>
        <FinalAllocationMadeInd>true</FinalAllocationMadeInd>
        <AdequateBooksAndRecMaintInd>true</AdequateBooksAndRecMaintInd>
      </TaxExemptBondsProceedsGrp>
      <TaxExemptBondsPrivateBusUseGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <OwningBondFinancedPropertyInd>false</OwningBondFinancedPropertyInd>
        <AnyLeaseArrangementsInd>false</AnyLeaseArrangementsInd>
        <MgmtContractBondFincdPropInd>false</MgmtContractBondFincdPropInd>
        <AnyResearchAgreementsInd>false</AnyResearchAgreementsInd>
        <BondIssMeetPrvtSecPymtTestInd>false</BondIssMeetPrvtSecPymtTestInd>
        <ChangeInUseBondFinancedPropInd>false</ChangeInUseBondFinancedPropInd>
        <ProcsNonqualifiedBondRemdtdInd>true</ProcsNonqualifiedBondRemdtdInd>
      </TaxExemptBondsPrivateBusUseGrp>
      <TaxExemptBondsArbitrageGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <Form8038TFiledInd>false</Form8038TFiledInd>
        <RebateNotDueYetInd>false</RebateNotDueYetInd>
        <ExceptionToRebateInd>false</ExceptionToRebateInd>
        <NoRebateDueInd>true</NoRebateDueInd>
        <VariableRateIssueInd>false</VariableRateIssueInd>
        <HedgeIdentifiedInBksAndRecInd>false</HedgeIdentifiedInBksAndRecInd>
        <GrossProceedsInvestedInGICInd>false</GrossProceedsInvestedInGICInd>
        <GrossProceedsInvestedInd>false</GrossProceedsInvestedInd>
        <WrittenProcToMonitorReqsInd>true</WrittenProcToMonitorReqsInd>
      </TaxExemptBondsArbitrageGrp>
      <ProceduresCorrectiveActionGrp>
        <BondReferenceCd>A</BondReferenceCd>
        <ProceduresCorrectiveActionInd>true</ProceduresCorrectiveActionInd>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>PURPOSE OF ISSUE DESCRIPTION</FormAndLineReferenceDesc>
        <ExplanationTxt>SCAGO EDUCATIONAL FACILITIES CORP TO ADVANCE REFUND SERIES 2006 BONDS</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>DATE REBATE COMPUTATION PERFORMED</FormAndLineReferenceDesc>
        <ExplanationTxt>SCAGO EDUCATIONAL FACILITIES CORP 04/10/25</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleK>
    <IRS990ScheduleO documentId="RetDoc5">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 6</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SOUTH CAROLINA ASSOCIATION OF GOVERNMENTAL ORGANIZATIONS "SCAGO", A SC NONPROFIT ORGANIZATION, WAS ESTABLISHED UNDER THE BYLAWS AS THE INITIAL MEMBER OF THE ORGANIZATION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 7A</FormAndLineReferenceDesc>
        <ExplanationTxt>THREE MEMBERS OF THE BOARD OF DIRECTORS ARE APPOINTED BY THE BOARD OF DIRECTORS OF THE SOUTH CAROLINA ASSOCIATION OF GOVERNMENTAL ORGANIZATIONS ("SCAGO").</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 8B</FormAndLineReferenceDesc>
        <ExplanationTxt>THERE WERE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE REVIEW OF THE FORM 990 IS COMPLETED BY THE DISTRICT OFFICERS. A COPY OF THE RETURN WILL BE PROVIDED TO THE BOARD AFTER FILING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST TO THE DISTRICT OFFICE.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART XI, LINE 9</FormAndLineReferenceDesc>
        <ExplanationTxt>TRANSFER OF NET EQUITY TO DISTRICT -17,258,020</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
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        <DisregardedEntityName>
          <BusinessNameLine1Txt>SCHOOL DISTRICT OF PICKENS COUNTY</BusinessNameLine1Txt>
        </DisregardedEntityName>
        <USAddress>
          <AddressLine1Txt>1348 GRIFFIN MILL ROAD</AddressLine1Txt>
          <CityNm>EASLEY</CityNm>
          <StateAbbreviationCd>SC</StateAbbreviationCd>
          <ZIPCd>29640</ZIPCd>
        </USAddress>
        <EIN>576001613</EIN>
        <PrimaryActivitiesTxt>SCH DIST.</PrimaryActivitiesTxt>
        <LegalDomicileStateCd>SC</LegalDomicileStateCd>
        <DirectControllingNACd>N/A</DirectControllingNACd>
        <ControlledOrganizationInd>false</ControlledOrganizationInd>
      </IdRelatedTaxExemptOrgGrp>
      <ReceiptOfIntAnntsRntsRyltsInd>false</ReceiptOfIntAnntsRntsRyltsInd>
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      <GiftGrntCapContriFromOthOrgInd>false</GiftGrntCapContriFromOthOrgInd>
      <LoansOrGuaranteesToOtherOrgInd>false</LoansOrGuaranteesToOtherOrgInd>
      <LoansOrGuaranteesFromOthOrgInd>false</LoansOrGuaranteesFromOthOrgInd>
      <DivRelatedOrganizationInd>false</DivRelatedOrganizationInd>
      <AssetSaleToOtherOrgInd>true</AssetSaleToOtherOrgInd>
      <AssetPurchaseFromOtherOrgInd>false</AssetPurchaseFromOtherOrgInd>
      <AssetExchangeInd>false</AssetExchangeInd>
      <RentalOfFacilitiesToOthOrgInd>true</RentalOfFacilitiesToOthOrgInd>
      <RentalOfFcltsFromOthOrgInd>false</RentalOfFcltsFromOthOrgInd>
      <PerformOfServicesForOthOrgInd>false</PerformOfServicesForOthOrgInd>
      <PerformOfServicesByOtherOrgInd>false</PerformOfServicesByOtherOrgInd>
      <SharingOfFacilitiesInd>false</SharingOfFacilitiesInd>
      <PaidEmployeesSharingInd>true</PaidEmployeesSharingInd>
      <ReimbursementPaidToOtherOrgInd>false</ReimbursementPaidToOtherOrgInd>
      <ReimbursementPaidByOtherOrgInd>false</ReimbursementPaidByOtherOrgInd>
      <TransferToOtherOrgInd>false</TransferToOtherOrgInd>
      <TransferFromOtherOrgInd>true</TransferFromOtherOrgInd>
      <TransactionsRelatedOrgGrp>
        <OtherOrganizationName>
          <BusinessNameLine1Txt>SCHOOL DISTRICT OF PICKENS COUNTY</BusinessNameLine1Txt>
        </OtherOrganizationName>
        <TransactionTypeTxt>S</TransactionTypeTxt>
        <InvolvedAmt>21861897</InvolvedAmt>
        <MethodOfAmountDeterminationTxt>COST</MethodOfAmountDeterminationTxt>
      </TransactionsRelatedOrgGrp>
    </IRS990ScheduleR>
  </ReturnData>
</Return>