Current StatusView additional legislative information at the LPITS web site.Bill Number: 1351 Ratification Number: 483 Act Number 625 Introducing Body: Senate Subject: Relating to the issuance of plant improvement bonds by Clemson University
(A625, R483, S1351)
AN ACT TO AMEND ACT 1278 OF 1970, AS AMENDED, RELATING TO THE ISSUANCE OF PLANT IMPROVEMENT BONDS BY CLEMSON UNIVERSITY, SO AS TO INCREASE FROM TWENTY TO THIRTY MILLION DOLLARS THE AUTHORIZED AMOUNT OF THE BONDS.
Be it enacted by the General Assembly of the State of South Carolina:
Bonds increased
SECTION 1. Section 4 of Act 1278 of 1970, as last amended by Act 702 of 1988, is further amended to read:
"Section 4. Subject to obtaining the approval of the State Board expressed by an adopted resolution, the trustees may issue not exceeding thirty million dollars of bonds."
Time effective
SECTION 2. This act takes effect upon approval by the Governor.
Approved the 24th day of April, 1990.