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H. 4479
STATUS INFORMATION
General Bill
Sponsors: Rep. D.C. Moss
Document Path: l:\council\bills\bbm\10452htc12.docx
Introduced in the House on January 10, 2012
Currently residing in the House Committee on Ways and Means
Summary: Teacher and Employee Retention Incentive (TERI) Program
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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11/29/2011 House Prefiled
11/29/2011 House Referred to Committee on Ways and Means
1/10/2012 House Introduced and read first time (House Journal-page 55)
1/10/2012 House Referred to Committee on Ways and Means
(House Journal-page 55)
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO CLOSE THE TEACHER AND EMPLOYEE RETENTION INCENTIVE (TERI) PROGRAM TO NEW PARTICIPANTS; AND TO REPEAL, FIVE YEARS AFTER CLOSING TERI TO NEW PARTICIPANTS, ARTICLE 17, CHAPTER 1, TITLE 9, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE ESTABLISHMENT OF THE TERI PROGRAM.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Notwithstanding the provisions of Section 9-1-2210(A) of the 1976 Code, the Teacher and Employee Retention Incentive (TERI) Program, established pursuant to Section 9-1-2210, is closed to new participants on and after the effective date of this section.
SECTION 2. Article 17, Chapter 1, Title 9 of the 1976 Code is repealed five years after the effective date of this section for all purposes except the distribution of program accounts existing on that date.
SECTION 3. This act takes effect upon approval by the Governor.
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