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INTRODUCED
March 6, 2001
H. 3688
S. Printed 3/6/01--H.
Read the first time March 6, 2001.
TO AMEND ACT 1377 OF 1968, AS AMENDED, RELATING TO THE ISSUANCE OF STATE CAPITAL IMPROVEMENT BONDS, SO AS TO AUTHORIZE ADDITIONAL PROJECTS, ALLOW THE APPLICATION OF AMOUNTS AVAILABLE TO TWO AND FOUR-YEAR COLLEGES AND UNIVERSITIES FOR DEFERRED MAINTENANCE UNDER THESE AUTHORIZATIONS TO BE APPLIED TO CAPITAL PROJECTS AUTHORIZED FOR THESE INSTITUTIONS, SPECIFY ACTIONS OF THE JOINT BOND REVIEW COMMITTEE WITH RESPECT TO THESE BONDS, CONFORM THE AGGREGATE PRINCIPAL INDEBTEDNESS AMOUNT TO THE ADDITIONAL AMOUNTS AUTHORIZED IN THIS SECTION, TO PROVIDE FOR THE USE OF PROCEEDS OF ANY SALE OF THE PROPERTY OF THE CAROLINA FARMERS' MARKET AND ESTABLISH AN ACCOUNT TO RETAIN SUCH PROCEEDS, TO PROVIDE THAT THE PROVISIONS OF SECTION 2-7-105 OF THE 1976 CODE DO NOT APPLY TO THESE AUTHORIZATIONS, AND TO AMEND SECTION 11-11-150, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE TRUST FUND FOR TAX RELIEF, SO AS TO PROVIDE THAT REVENUES CREDITED TO THAT FUND FOR A FISCAL YEAR ARE DEEMED GENERAL FUND REVENUES FOR THE PURPOSES OF CALCULATING THE STATE'S CONSTITUTIONAL LIMIT ON BONDED INDEBTEDNESS, AND CALCULATING AMOUNTS REQUIRED TO BE CREDITED TO THE GENERAL RESERVE FUND AND CAPITAL RESERVE FUND.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. A. Item (f) of Section 3 of Act 1377 of 1968, as last amended by Act 1 of 2001, is further amended by adding:
"(1) Bonds for the following projects are authorized effective July 1, 2001:
Ports Authority
Charleston Harbor Dredging $ 5,200,000
TOTAL $ 5,200,000
(2) Bonds for the following projects are authorized effective January 1, 2002:
(a) Department of Education
School Buses 20,000,000
(b) School for the Deaf and Blind
Herbert Center 2,000,000
(c) Commission on Higher Education
Deferred Maintenance 10,000,000
(d) The Citadel
Padget-Thomas Barracks/Leadership Lab 6,000,000
(e) Clemson University
(i) Civil Engineering/Textiles Building 5,000,000
(ii) HVAC/Indoor Air Quality Improvements 6,800,000
(f) College of Charleston
Science Building 6,000,000
(g) Coastal Carolina University
Science Center Addition/Renovation 5,000,000
(h) Francis Marion University
Schools of Education & Business Building 4,500,000
(i) South Carolina State University
Lowman Hall Renovation/Addition 8,500,000
(j) USC-Columbia
(i) Historic Buildings
Gibbes Green Renovation 5,000,000
(ii) School of Law Building 10,000,000
(k) Winthrop University
Peabody Health/Physical Education Building 3,500,000
(l) Medical University of South Carolina
College of Dental Medicine Building 6,700,000
(m) Aiken TEC
Chilled Water Plant Replacement 471,600
(n) Central Carolina TEC
Various Campus Buildings Repair/Replacement 500,000
(o) Florence-Darlington TEC
Advanced Applied Technology Center 2,000,000
(p) Greenville TEC
Industrial Complex HVAC System 587,500
(q) Horry-Georgetown TEC
Grand Strand Campus Renovation 299,000
(r) Orangeburg-Calhoun TEC
Learning Resource Center Renovation 100,000
(s) Piedmont TEC
Various Campus Facilities Repair/Replacement 740,000
(t) Spartanburg TEC
Student Life Building 508,000
(u) Trident TEC
Industrial/Economic Development
Complex Renovation 3,700,000
(v) Department of Health & Environmental Control
Greenville & Aiken Uranium Eradication 700,000
(w) Department of Mental Health
Charleston/Dorchester Mental Health
Facility Completion 1,500,000
(x) Commission for the Blind
Facility Renovations-Safety Issues 680,000
(y) Department of Commerce
(i) Coordinating Council 8,000,000
(ii) Columbia Convention Center 5,000,000
(z) Judicial Department
Information Technology System 2,000,000
(aa) Department of Corrections
General Renovations/Repairs 7,433,333
(bb) Department of Probation, Parole & Pardon Services
(i) Transitional Housing 400,000
(ii) Agent Safety Equipment 357,206
(cc) Department of Juvenile Justice
(i) Female Evaluation &
Commitment Facilities 10,520,000
(ii) Detention Centers &
Infrastructure Upgrade 2,544,515
(iii) Central Support Facilities Upgrades &
Northeast Center 2,544,514
(dd) Department of Parks, Recreation & Tourism
SC Athletic Hall of Fame 1,000,000
TOTAL $150,585,668
(3) Bonds For the following projects are authorized effective January 1, 2003:
(a) Department of Education
Governor's School for Math & Science
Completion of New Campus 6,000,000
(b) School for the Deaf & Blind
Herbert Center 3,900,000
(c) Commission on Higher Education
Deferred Maintenance 10,000,000
(d) The Citadel
Padget-Thomas Barracks/Leadership Lab 7,500,000
(e) Clemson University
(i) Civil Engineering/Textiles Building 18,200,000
(ii) National Matching Program
for Veteran Memorial 500,000
(f) College of Charleston
Science Building 18,000,000
(g) Coastal Carolina University
Science Center Addition/Renovation 20,425,000
(h) Francis Marion University
Schools of Education & Business Building 4,000,000
(i) Lander University
Student Center Facility 5,000,000
(j) USC-Columbia
Historic Buildings-Gibbes Green Renovation 15,000,000
(k) USC-Aiken
Convocation Center/Lecture Hall 3,000,000
(l) USC-Spartanburg
Library/Technology Center 14,500,000
(m) Winthrop University
Peabody Health/Physical Education Building 3,500,000
(n) Medical University of South Carolina
College of Dental Medicine Building 6,000,000
(o) Central Carolina TEC
Various Campus Buildings
Repair/Replacement 1,500,000
(p) Florence-Darlington TEC
Advanced Applied Technology Center 8,000,000
(q) Williamsburg TEC
Technology/Student Center 2,000,000
(r) York TEC
Chester County Classroom Building 3,230,000
(s) State Library
(i) Johnston Library Restoration 100,000
(ii) Clinton Library Renovation and Repairs 470,000
(t) Arts Commission
Cultural Facility Building & Renovation Projects 1,000,000
(u) Museum Commission
(i) Anderson County Museum 1,000,000
(ii) Museum of York County 4,000,000
(iii) SC Peach Museum 300,000
(iv) Bettis Historical Museum Renovation 200,000
(v) Department of Health & Human Service
Edgefield Senior Citizens Health Center 600,000
(w) Department of Health & Environmental Control
(i) Public Health Center & Public Hospital
Maintenance & Construction 1,000,000
(ii) Lexington County Safe Drinking Water 2,520,000
(x) Department of Mental Health
Columbia Area Mental Health Center Phase II 4,000,000
(y) Forestry Commission
Joe Adair Outdoor Education Center 175,000
(z) Department of Agriculture
State Farmers' Market 10,000,000
(aa) Clemson PSA
Baruch Institute for Coastal Ecology &
Forest Science Facility 5,000,000
(bb) Department of Natural Resources
(i) Walhalla Fish Hatchery 75,000
(ii) Society Hill Boat Ramp 50,000
(cc) Department of Commerce
(i) Coordinating Council 8,000,000
(ii) Spartanburg Renaissance 1,300,000
(iii) Rural Infrastructure Revitalization Initiative 500,000
(iv) Allendale County Industrial Park 1,000,000
(v) Conway Civic Center 4,000,000
(vi) Historic Greenville Foundation 4,000,000
(vii) Upstate Economic Infrastructure Project 350,000
(viii)Partners in Progress 1,500,000
(dd) Judicial Department
Information Technology System 1,815,000
(ee) Department of Corrections
General Renovations/Repairs 2,427,406
(ff) Department of Probation, Parole & Pardon Services
Information Technology 446,909
(gg) Governor's Office-SLED
Forensic Laboratory 6,900,000
(hh) Department of Public Safety
Unified Law Enforcement Project 150,000
(ii) Adjutant General
Armory Facilities 1,220,000
(jj) BCB-Division of Regional Development
Orangeburg Sewer Project 1,000,000
(kk) Department of Parks, Recreation & Tourism
(i) Rural Tourism Enhancement Project
(Santee State Park) 250,000
(ii) Barnwell County Recreation Park 600,000
(iii) Charles Towne Landing State Park 8,000,000
(iv) Charleston Co. Park & Rec. Commission
Folly Beach Acquisition 1,000,000
TOTAL $225,204,315
GRAND TOTAL $380,989,983
B. Notwithstanding the specific authorizations provided in this item, a two or four-year college or university may apply amounts available to it under this item for deferred maintenance to any authorized capital project for the institution.
C. The Joint Bond Review Committee shall establish the priority of projects, change issuance/authorization as necessary, and ensure that draws are timed so as not to exceed the constitutionally imposed debt limit.
D. If the current Columbia Farmers' Market property is sold, the State Treasurer shall credit the proceeds to a separate account in the State Treasury styled the Columbia Farmers' Market Account. Earnings on this account are retained in the account. Funds in the account must be combined with the proceeds of bonds authorized by this act to be used for the planning, property purchase, development, and construction of the Columbia Farmers' Market. The State Treasurer shall issue payments from the Columbia Farmers' Market Account only after review by the Joint Bond Review Committee and approval by the State Budget and Control Board. Nothing in this subsection prevents public or private donations to this account."
SECTION 2. Section 4 of Act 1377 of 1968, as last amended by Part II, Section 1 of Act 1 of 2001, is further amended to read:
"Section 4. The aggregate principal indebtedness on account of bonds issued pursuant to this act may not exceed $2,583,904,475 $2,964,894,458. The limitation imposed by the provisions of this section does not apply to bonds issued on behalf of the Mental Health Commission as provided in Acts 1276 and 1272 of 1970 or to bonds issued on behalf of the Commission on Mental Retardation as provided in Act 1087 of 1970 or to bonds issued on behalf of the South Carolina Fire Academy. The limitation imposed by the provisions of this section is not considered to be an obligation of the contract made between the State and holders of bonds issued pursuant to this act, and the limitation imposed by the provisions of this section may be enlarged by acts amending it or reduced by the application of the Capital Reserve Fund or by amendments of this act. Within these limitations state capital improvement bonds may be issued under the conditions prescribed by this act."
SECTION 3. Notwithstanding any other provision of law, the provisions of Section 2-7-105 of the 1976 Code do not apply to the provisions of Sections 1 and 2 of this act.
SECTION 4. A. Section 11-11-150(B) of the 1976 Code, as added by Act 419 of 1998, is amended to read:
"(B) There is established in the State Treasury the Trust Fund for Tax Relief (Trust Fund) which must be maintained separately from the general fund of the State and all other funds. The amounts deducted from state income tax revenues pursuant to subsection (A) are automatically credited to the Trust Fund for the applicable fiscal year. The Board of Economic Advisors shall account for the Trust Fund revenue separately from general fund revenues in reports to the Governor and the General Assembly. However, only for purposes of calculating the limitation on state bonded indebtedness pursuant to Article X, Section 13 of the Constitution of this State and only for purposes of calculating amounts required to be credited to the General Reserve Fund and Capital Reserve Fund pursuant to Article III, Section 36 of the Constitution of this State, revenues credited to the Trust Fund are deemed state general fund revenues."
B. Notwithstanding the general effective date of this act, this section takes effect July 1, 2001.
SECTION 5. This act takes effect upon approval by the Governor.
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