South Carolina General Assembly
108th Session, 1989-1990

Bill 988

                    Current Status

Bill Number:               988
Ratification Number:       467
Act Number                 404
Introducing Body:          Senate
Subject:                   Reporting the debt of political
                           subdivisions
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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A404, R467, S988)

AN ACT TO AMEND SECTION 11-15-100, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE REQUIREMENTS FOR REPORTING THE DEBT OF POLITICAL SUBDIVISIONS, SO AS TO PROVIDE THAT THE STATE TREASURER ANNUALLY SHALL PUBLISH A STATEMENT OF THE OBLIGATIONS OF POLITICAL SUBDIVISIONS RATHER THAN FURNISH A STATEMENT TO THE COMPTROLLER GENERAL FOR INCLUSION IN THE ANNUAL REPORT OF THE COMPTROLLER GENERAL.

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

Statement published

SECTION 1. Section 11-15-100(D) of the 1976 Code, as added by Section 2, Part II of Act 365 of 1988, is amended to read:

"(D) On or before March thirty-first of each year following the close of the fiscal year, the State Treasurer shall publish a statement of obligations of all political subdivisions showing each municipality, county, special purpose district, and school district in a county-by-county listing."

Time effective

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

Approved the 10th day of April, 1990.