Bill 3929

                    Current Status

Bill Number:               3929
Ratification Number:       120
Act Number                 276
Introducing Body:          House
Subject:                   Relating to Chesterfield County School
                           District

(A276, R120, H3929)

AN ACT TO AMEND ACT 1010 OF 1968, AS AMENDED, RELATING TO CHESTERFIELD COUNTY SCHOOL DISTRICT, SO AS TO CHANGE THE MAXIMUM AMOUNT OF TAX THAT MAY BE LEVIED FOR SCHOOL PURPOSES FROM TEN TO EIGHT PERCENT OF THE TAX LEVY FOR SCHOOL PURPOSES OR THE PREVIOUS FISCAL YEAR UNLESS APPROVED BY THE CHESTERFIELD COUNTY LEGISLATIVE DELEGATION OR ELECTORS BY A REFERENDUM.

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

Tax levy; not to exceed eight percent; exceptions

SECTION 1. Section 6 of Act 1010 of 1968 is amended to read:

"Section 6. The county auditor of Chesterfield County, when directed and ordered by an appropriate resolution of the district board of education, shall levy for school purposes a countywide annual tax on all of the taxable property in the county. However, the tax levy for school purposes may not be increased more than eight percent of the tax levy for school purposes for the previous fiscal year unless approved by a majority of the Chesterfield County Legislative Delegation or by a referendum of the qualified electors of the district to be called by the district board of education. The annual levy must be designated as the county education fund tax. The district superintendent of education and the county treasurer shall open and enter in their books and records an account to be designated as the 'County Education Fund'. The county treasurer shall credit to the fund or account all the proceeds of the tax and any other money received for the county education fund or account and charge against the fund or account all proper vouchers drawn against it."

Time effective

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