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AMENDED
March 8, 2001
H. 3542
Introduced by Reps. Allison, Cotty, McCraw, J.R. Smith and Knotts
S. Printed 3/8/01--H.
Read the first time February 14, 2001.
TO PROVIDE THAT LAPSED FUNDS OF THE DEPARTMENT OF EDUCATION INCLUDING EIA FUNDS FOR FISCAL YEAR 2000-2001 AND PRIOR YEARS MUST BE USED BY THE DEPARTMENT FOR STIPULATED PRIORITY EXPENDITURES AND TO PROVIDE THAT FUNDS APPROPRIATED FOR EIA TEACHER SALARIES AND RELATED FRINGE BENEFITS ARE EXEMPT FROM ANY REQUIRED SPENDING REDUCTIONS.
Amend Title To Conform
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Notwithstanding any other provision of law, any lapsed Education Improvement Act (EIA) funds, to include unexpended appropriated funds or revenue in excess of appropriations in the Education Improvement Act (EIA) fund, in the current fiscal year or in any prior fiscal year must first be used and are authorized to be used by the Department of Education in the following priority order:
(1) to offset an official EIA revenue shortfall declared by the Board of Economic Advisors;
(2) to fund any school district's appropriation deficit in EIA teacher salary supplement, teacher salary supplement fringe, or National Board Certification Incentives;
(3) the remaining lapsed funds must be used in accordance with Section 59-21-420 of the 1976 Code. Furthermore, in the event an official EIA revenue shortfall is declared, funds appropriated for EIA teacher salaries and related fringe benefits in the 2000-2001 general appropriations act are exempt from any reduction required to offset the shortfall.
SECTION 2. This joint resolution takes effect upon approval by the Governor.
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