South Carolina Legislature




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Session 118 - (2009-2010)Printer Friendly
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H*3148 (Rat #0096, Act #0068 of 2009) General Bill, By Clyburn, G.M. Smith, H.B. Brown, Branham, Ott, Agnew, R.L. Brown, Hayes, Battle, Miller, Weeks, J.R. Smith, D.C. Smith, Parks, Rice, Littlejohn, Hosey, Jefferson, Cobb-Hunter, Howard, Cooper, Gunn, McLeod, T.R. Young, Kennedy, Vick, Edge, J.E. Smith, Harrell, A.D. Young, Alexander, Neilson, Lucas, Merrill, Barfield, Bales, Allen, Hodges, Knight and Funderburk
Summary: Rural Infrastructure Act
    AN ACT TO ENACT THE "FEDERAL EDUCATIONAL TAX-CREDIT BOND IMPLEMENTATION ACT", INCLUDING PROVISIONS TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 59-3-100 SO AS TO PROVIDE FOR THE MANNER IN WHICH AND CONDITIONS UNDER WHICH ALLOCATIONS OF QUALIFIED SCHOOL CONSTRUCTION BONDS AUTHORIZED BY THE PROVISIONS OF THE AMERICAN RECOVERY AND REINVESTMENT ACT OF 2009 SHALL BE MADE AMONG THE SCHOOL DISTRICTS OF THIS STATE, AND TO PROVIDE FOR OTHER RELATED MATTERS IN REGARD TO THESE ALLOCATIONS; TO AMEND SECTION 11-15-460, AS AMENDED, RELATING TO THE INTEREST RATE ON REFUNDING BOND OBLIGATIONS OF POLITICAL SUBDIVISIONS, SO AS TO EXEMPT QUALIFIED SCHOOL CONSTRUCTION BONDS FROM THIS PROVISION; AND TO AMEND SECTION 11-27-50, AS AMENDED, RELATING TO THE EFFECT OF THE PROVISIONS OF ARTICLE X OF THE CONSTITUTION OF THIS STATE ON BONDS OF SCHOOL DISTRICTS, SO AS TO PROVIDE THAT QUALIFIED SCHOOL CONSTRUCTION BONDS UP TO A CERTAIN AMOUNT MAY BE SOLD AT PUBLIC OR PRIVATE SALE AT SUCH PRICE AS DETERMINED BY THE GOVERNING BODY OF THE ISSUER. - ratified title
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12/16/08House Prefiled
12/16/08House Referred to Committee on Ways and Means
01/13/09House Introduced and read first time HJ-66
01/13/09House Referred to Committee on Ways and Means HJ-66
01/14/09House Member(s) request name added as sponsor: McLeod, T.R.Young, Kennedy, Vick, Edge, J.E.Smith, Harrell, A.D.Young, Alexander, Neilson, Lucas, Merrill, Barfield, Bales, Allen
01/27/09House Member(s) request name added as sponsor: Hodges
01/29/09House Member(s) request name added as sponsor: Knight
03/31/09House Committee report: Favorable with amendment Ways and Means HJ-11
04/01/09House Member(s) request name added as sponsor: Funderburk
04/01/09House Amended HJ-42
04/01/09House Read second time HJ-44
04/02/09House Read third time and sent to Senate HJ-12
04/14/09Senate Introduced and read first time SJ-15
04/14/09Senate Referred to Committee on Finance SJ-15
05/19/09Senate Polled out of committee Finance SJ-13
05/19/09Senate Committee report: Favorable Finance SJ-13
05/20/09 Scrivener's error corrected
05/20/09Senate Amended SJ-66
05/20/09Senate Read second time SJ-66
05/21/09Senate Amended SJ-36
05/21/09Senate Read third time and returned to House with amendments SJ-36
05/21/09 Scrivener's error corrected
05/21/09House Concurred in Senate amendment and enrolled HJ-122
05/21/09House Roll call Yeas-99 Nays-6 HJ-122
05/27/09 Ratified R 96
06/03/09 Became law without Governor's signature
06/22/09 Effective date 06/03/09
06/22/09 Act No. 68



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