South Carolina General Assembly
120th Session, 2013-2014

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Indicates Matter Stricken
Indicates New Matter

S. 110

STATUS INFORMATION

General Bill
Sponsors: Senator Bright
Document Path: l:\s-res\lb\003scho.hm.lb.docx

Introduced in the Senate on January 8, 2013
Currently residing in the Senate Committee on Education

Summary: School bonds

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
  12/13/2012  Senate  Prefiled
  12/13/2012  Senate  Referred to Committee on Education
    1/8/2013  Senate  Introduced and read first time (Senate Journal-page 77)
    1/8/2013  Senate  Referred to Committee on Education 
                        (Senate Journal-page 77)

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

12/13/2012

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

A BILL

TO AMEND CHAPTER 71, TITLE 59 OF THE 1976 CODE, RELATING TO SCHOOL BONDS, BY ADDING SECTION 59-71-35 TO PROHIBIT SCHOOL DISTRICTS FROM ISSUING GENERAL OBLIGATION BONDS FOR GENERAL OPERATING EXPENSES.

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

SECTION    1.    Chapter 71, Title 59 of the 1976 Code is amended by adding:

"Section 59-71-35.    The authorities of any operating school unit may not issue general obligation bonds of the operating school unit for the purpose of defraying costs associated with the general operations of the operating school unit."

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

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This web page was last updated on Thursday, February 28, 2013 at 3:50 P.M.