South Carolina General Assembly

General Appropriations Bill H. 4700 for the fiscal year beginning July 1, 1998

Hint: To avoid truncation when printing, be sure your software is set to print in Landscape Orientation. Adjust font size as needed.

Indicates Matter Stricken
Indicates New Matter

30                       SECTION 36
31
32     TO AMEND THE 1976 CODE BY ADDING SECTION 11-11-340 SO AS TO ESTABLISH IN THE STATE TREASURY THE
33     STATE INSTITUTION BONDS AND STATE HIGHWAY BONDS DEBT SERVICE FUND, TO REQUIRE AMOUNTS TO BE
34     CREDITED TO THIS FUND AMOUNTS SUFFICIENT TO PAY DEBT SERVICE ON STATE INSTITUTION BONDS AND


PART II PAGE 564 1 STATE HIGHWAY BONDS, AND TO PROVIDE THAT AMOUNTS CREDITED TO THIS FUND ARE NOT CONSIDERED 2 STATE GENERAL FUND REVENUES. 3 4 Article 3, Chapter 11, Title 11 of the 1976 Code is amended by adding: 5 6 "Section 11-11-340. There is established in the State Treasury the State Institution Bonds and State Highway Bonds Debt Service 7 Fund which must be maintained separately from the general fund and other funds. Annually there must be credited to this account amounts 8 sufficient for debt service payments on state institution bonds and state highway bonds. Amounts credited to this fund are not considered 9 state general fund revenues." 10