We present results of a spectroscopic survey of X-ray and proper-motion-selected samples of late-type stars in the Lower Centaurus-Crux (LCC) and Upper Centaurus-Lupus (UCL) subgroups of the nearest OB association: Scorpius-Centaurus. The primary goals of the survey are to determine the star formation history of the OB subgroups and to assess the frequency of accreting stars in a sample dominated by "post-T Tauri" pre-main-sequence (PMS) stars. We investigate two samples: (1) proper-motion candidates from the ACT Catalog (<I/246>) and Tycho Reference Catalog (TRC, <I/250>) with X-ray counterparts in the ROSAT All-Sky Survey (RASS) Bright Source Catalog and (2) G- and K-type stars in the Hipparcos catalog found to be candidate members by de Zeeuw et al. (1999, Cat. <J/AJ/117/354>). We obtained optical spectra of 130 candidates with the Siding Spring 2.3m dual-beam spectrograph.