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RECALLED
May 11, 2000
H. 4512
Introduced by Reps. Webb, Barrett, Dantzler, Harris, Jennings, Leach, Ott, Rhoad, Riser, Robinson, Sandifer, Sharpe, Trotter, Wilkins and Witherspoon
S. Printed 5/11/00--S.
Read the first time April 18, 2000.
TO AMEND ACT 1278 OF 1970, AS AMENDED, RELATING TO THE ISSUANCE OF PLANT IMPROVEMENT BONDS BY CLEMSON UNIVERSITY, SO AS TO MODIFY THE LIMITATION ON THE AMOUNT OF PLANT IMPROVEMENT BONDS WHICH MAY BE ISSUED.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 4 of Act 1278 of 1970, as last amended by Section 1 of Act 625 of 1990, is further amended to read:
"Section 4. Subject to obtaining the approval of the State Board expressed by an adopted resolution, the trustees may issue not exceeding thirty million dollars of bonds, from time-to-time, plant improvement bonds which at no time may exceed thirty million dollars in principal amount outstanding."
SECTION 2. This act takes effect upon approval by the Governor.
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