South Carolina General Assembly
117th Session, 2007-2008

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Indicates Matter Stricken
Indicates New Matter

H. 5003

STATUS INFORMATION

Joint Resolution
Sponsors: Reps. Miller, Hodges and Erickson
Document Path: l:\council\bills\ggs\22087ab08.doc

Introduced in the House on April 10, 2008
Introduced in the Senate on April 17, 2008
Currently residing in the Senate Committee on Finance

Summary: State Treasurer

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   4/10/2008  House   Introduced, read first time, placed on calendar without 
                        reference HJ-17
   4/15/2008  House   Member(s) request name added as sponsor: Hodges, Erickson
   4/15/2008  House   Read second time HJ-49
   4/16/2008  House   Read third time and sent to Senate HJ-18
   4/17/2008  Senate  Introduced and read first time SJ-9
   4/17/2008  Senate  Referred to Committee on Finance SJ-9

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

4/10/2008
4/10/2008-A

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

INTRODUCED

April 10, 2008

H. 5003

Introduced by Rep. Miller

S. Printed 4/10/08--H.

Read the first time April 10, 2008.

            

A JOINT RESOLUTION

TO DIRECT THE STATE TREASURER IN FISCAL YEAR 2008-2009 TO TRANSFER FROM THE HOMESTEAD EXEMPTION FUND TO THE EDUCATION FINANCE ACT RESERVE FUND SUFFICIENT MONIES, AS DETERMINED BY THE DEPARTMENT OF EDUCATION AFTER CONSULTATION WITH THE DEPARTMENT OF REVENUE, TO PROVIDE EACH SCHOOL DISTRICT OF THIS STATE WITH STATE FUNDING UNDER THE EDUCATION FINANCE ACT FOR FISCAL YEAR 2008-2009, AT LEAST EQUAL TO WHAT THE SCHOOL DISTRICT RECEIVED IN STATE FUNDING UNDER THE EDUCATION FINANCE ACT FOR FISCAL YEAR 2007-2008.

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

SECTION    1.    Notwithstanding another provision of law, the State Treasurer in fiscal year 2008-2009 is directed to transfer from the Homestead Exemption Fund to the Education Finance Act Reserve Fund sufficient monies, as determined by the Department of Education after consultation with the Department of Revenue, to provide each school district of this State with state funding under the Education Finance Act for fiscal year 2008-2009, at least equal to what the school district received in state funding under the Education Finance Act for fiscal year 2007-2008.

SECTION    2.    This joint resolution takes effect upon approval by the Governor.

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