South Carolina General Assembly
106th Session, 1985-1986

Bill 3623

                    Current Status

Bill Number:               3623
Ratification Number:       420
Act Number:                546
Introducing Body:          House
Subject:                   Relating to state capital improvement
                           bonds, so as to provide that the Board of
                           Trustees of Winthrop College may provide a
                           written policy for paid admissions to athletic
                           facilities if it does not impair the college's
                           annual debt service obligation
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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A546, R420, H3623)

A JOINT RESOLUTION TO AMEND ACT 194 OF 1979, RELATING TO STATE CAPITAL IMPROVEMENT BONDS, SO AS TO PROVIDE THAT THE BOARD OF TRUSTEES OF WINTHROP COLLEGE MAY PROVIDE A WRITTEN POLICY FOR PAID ADMISSIONS TO ATHLETIC FACILITIES IF IT DOES NOT IMPAIR THE COLLEGE'S ANNUAL DEBT SERVICE OBLIGATION.

Whereas, ambiguity exists as to the intention of the General Assembly in the enactment of Section 11 of Part I of Act 194 of 1979; and

Whereas, it remains clear that the Board of Trustees of Winthrop College is the proper body to determine the circumstances under which an admissions fee is levied on paid admissions to the athletic facilities authorized by subitem 10 of item (f) of Section 3 of Act 1377 of 1968, as added by Section 1 of Part I of Act 194 of 1979; and

Whereas, it is necessary to clarify Section 11 of Part I of Act 194 of 1979. Now, therefore,

Be it enacted by the General Assembly of the State of South Carolina:

College may provide written policy

SECTION 1. Section 11 of Part I of Act 194 of 1979 is amended to read:

"Section 11. Prior to the issuance of the six million six hundred twenty thousand dollars authorized in subitem 10 of Section 1 of this act for Athletic Facilities--Construction and Equipment, Winthrop College shall execute a note to the State of South Carolina for all necessary funds in excess of three million five hundred thousand dollars. The note shall have a maturity schedule which shall not exceed forty years and shall not exceed three million one hundred twenty thousand dollars and shall bear such interest as may be determined by the Budget and Control Board.

To insure payment of this note, the Board of Trustees of Winthrop College may provide a written policy for paid admissions to Winthrop College's athletic facilities so long as it does not impair the college's annual debt service obligation."

Time effective

SECTION 2. This act shall take effect upon approval by the Governor.