Current Status Introducing Body:House Bill Number:3591 Ratification Number:25 Act Number:222 Primary Sponsor:Stuart Type of Legislation:GB Subject:Orangeburg County school districts Date Bill Passed both Bodies:19930311 Computer Document Number:EGM/18130DW.93 Governor's Action:S Date of Governor's Action:19930318 Introduced Date:19930302 Last History Body:------ Last History Date:19930318 Last History Type:Act No. 222 Scope of Legislation:Statewide All Sponsors:Stuart Govan Cobb-Hunter Felder Sharpe Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved
---- ------ ------------ ------------------------------ --- ------------
3591 ------ 19930318 Act No. 222
3591 ------ 19930318 Signed by Governor
3591 ------ 19930317 Ratified R 25
3591 Senate 19930311 Read third time, enrolled for
ratification
3591 Senate 19930310 Read second time, unanimous
consent for third reading on
Thursday, March 11, 1993
3591 Senate 19930309 Introduced, read first time,
placed on local and
uncontested Calendar without
reference
3591 House 19930304 Read third time, sent to
Senate
3591 House 19930303 Read second time
3591 House 19930302 Introduced, read first time,
placed on Calendar without
reference
View additional legislative information at the LPITS web site.
(A222, R25, H3591)
AN ACT TO AUTHORIZE THE BOARD OF TRUSTEES OF SCHOOL DISTRICT I OF ORANGEBURG COUNTY TO ISSUE GENERAL OBLIGATION BONDS AT ONE TIME OR FROM TIME TO TIME IN AN AMOUNT NOT EXCEEDING EIGHT MILLION FIVE HUNDRED THOUSAND DOLLARS TO FUND A PRE-KINDERGARTEN THROUGH TWELVE SCHOOL BUILDING COMPLEX; TO PRESCRIBE THE CONDITIONS UNDER WHICH THE BONDS MAY BE ISSUED, AND THE PURPOSES FOR WHICH THE PROCEEDS MAY BE EXPENDED, AND TO MAKE PROVISION FOR THE PAYMENT OF THE BONDS.
Be it enacted by the General Assembly of the State of South Carolina:
Findings
SECTION 1. (A) Article X, Section 7 of the Constitution of this State provides that each school district shall prepare and maintain annual budgets which provide for sufficient income to meet its estimated expenses for each year. Article X of the Constitution of the State of South Carolina provides that each school district may issue without referendum bonds in value up to eight percent of a district's assessed valuation. Because of severely substandard district wealth and state budget constraints, the district has been unable to build new schools or renovate existing ones.
(B) The district has developed a plan whereby a school complex to house the district office and all pre-kindergarten through twelve operations can be paid for with savings realized through this consolidation of operations. The current millage for general operations for Orangeburg School District One is one hundred sixty-four mills for general operation and zero mills for bonded indebtedness. The school district proposes to split its current mill levy between General Operations (eighty mills) and sinking fund (eighty-four mills), resulting in no increase in taxes for its taxpayers.
(C) There currently exists no statutory authorization for the school district to split millage in the proposed manner. The General Assembly has determined it is in the best interest of the school district and the State of South Carolina to authorize the board of trustees of the school district to split its current levy.
Bonds
SECTION 2. All bonds issued pursuant to this act must mature in annual series or installments as the board prescribes. The final maturity of the bonds must be no more than twenty-five years from the date of issue.
No election required
SECTION 3. No election is prescribed as a condition precedent to the issuance of the bonds and no action other than that prescribed in this act needs to be taken to effect the issuance of the bonds. No approval of any other public agency, including Orangeburg County Board of Education, is required for any action taken pursuant to the authorizations of this act.
Time effective
SECTION 4. This act takes effect upon approval by the Governor.
Approved the 18th day of March, 1993.