South Carolina General Assembly
118th Session, 2009-2010

Download This Bill in Microsoft Word format

Indicates Matter Stricken
Indicates New Matter

R178, H4755

STATUS INFORMATION

General Bill
Sponsors: Reps. Miller and Anderson
Document Path: l:\council\bills\ggs\22551sd10.docx

Introduced in the House on March 17, 2010
Introduced in the Senate on March 24, 2010
Passed by the General Assembly on March 26, 2010
Governor's Action: April 26, 2010, Vetoed
Legislative veto action(s): Veto sustained

Summary: Georgetown County School District

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   3/17/2010  House   Introduced, read first time, placed on calendar without 
                        reference HJ-7
   3/23/2010  House   Member(s) request name added as sponsor: Anderson
   3/23/2010  House   Read second time HJ-42
   3/24/2010  House   Read third time and sent to Senate HJ-9
   3/24/2010  Senate  Introduced, read first time, placed on local & 
                        uncontested calendar SJ-5
   3/24/2010  Senate  Unanimous consent for second and third readings on next 
                        two consecutive legislative days SJ-5
   3/25/2010  Senate  Read second time SJ-37
   3/26/2010  Senate  Read third time and enrolled SJ-3
   4/20/2010          Ratified R 178
   4/26/2010          Vetoed by Governor
   4/29/2010  House   Veto overridden by originating body Yeas-2  Nays-0 HJ-51
    5/5/2010  Senate  Veto sustained Yeas-1  Nays-1 SJ-29

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

3/17/2010
3/17/2010-A
3/24/2010

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

NOTE: THIS COPY IS A TEMPORARY VERSION. THIS DOCUMENT WILL REMAIN IN THIS VERSION UNTIL PUBLISHED IN THE ADVANCE SHEETS TO THE ACTS AND JOINT RESOLUTIONS. WHEN THIS DOCUMENT IS PUBLISHED IN THE ADVANCE SHEET, THIS NOTE WILL BE REMOVED.

(R178, H4755)

AN ACT TO PROVIDE THAT THE SCHOOL DISTRICT OF GEORGETOWN COUNTY FOR FISCAL YEAR 2010-2011 MAY EXPEND FUNDS GENERATED FROM A GENERAL OBLIGATION DEBT BOND ISSUE FOR SCHOOL OPERATING PURPOSES, IN ORDER TO DEAL WITH A SHORTAGE OF SCHOOL OPERATING FUNDS, IF PERMITTED BY THE FEDERAL LAW APPLICABLE TO THE PARTICULAR TYPES OF BONDS ISSUED AND IF IT DOES NOT VIOLATE ANY PROVISIONS OF THE BOND INDENTURE APPLICABLE TO THE ISSUANCE AND SALE OF THOSE BONDS.

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

Use of funds

SECTION    1.    The School District of Georgetown County for fiscal year 2010-2011 may expend funds generated from a general obligation debt bond issue for school operating purposes, in order to deal with a shortage of school operating funds, if permitted by the federal law applicable to the particular types of bonds issued and if it does not violate any provisions of the bond indenture applicable to the issuance and sale of those bonds.

Time effective

SECTION    2.    This act takes effect upon approval by the Governor.

Ratified the 20th day of April, 2010.

__________________________________________

President of the Senate

___________________________________________

Speaker of the House of Representatives

Approved the ____________ day of _____________________2010.

___________________________________________

Governor

----XX----


This web page was last updated on May 27, 2010 at 11:49 AM