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Indicates Matter Stricken
Indicates New Matter
AMENDED
March 15, 2001
H. 3688
S. Printed 3/15/01--H.
Read the first time March 6, 2001.
EXPLANATION OF IMPACT:
I. Section 1
Since the completion dates of the projects authorized in this bill are unknown, only the total fiscal impact upon completion of all the projects can be estimated.
State Department of Education (SDE)
SDE indicates there would be no costs associated with the purchase of additional school buses. Newly purchased buses would replace older buses in the state fleet.
Governor's School for Science and Math (GSSM)
These bond funds would allow GSSM to complete the school's project to create a new and enlarged campus. Upon completion the school would have a maximum capacity of 300 students. The resulting estimated increase in operating costs is estimated at approximately $3.7 million. Nonrecurring costs for furniture, fixtures, equipment, etc., are estimated at approximately $3.2 million.
School for the Deaf and the Blind
Bond funding for the Herbert Center would complete the renovation of the project. There would be no additional costs associated with it.
Higher Education Institutions
Operating costs associated with these capital projects would either be absorbed by the institutions affected or paid for by other funds revenue.
State Library
The State Library reports that the Johnston Library Restoration and Clinton Library Renovation and Repairs would incur no additional costs because they are flow thru dollars.
Arts Commission
Bond funding for the Cultural Facility Building and Renovation are flow thru funds to local communities and there would be no additional costs to the Commission.
State Museum
Bond funds for the Anderson County Museum, Museum of York County, SC Peach Museum, and the Bettis Historical Museum Renovation would incur no additional costs to the Museum.
Department of Health & Human Services (DHHS)
DHHS indicates there would be no additional cost associated with the administration of these funds.
Department of Health & Environmental Control (DHEC)
DHEC reports that the three items funded are local government construction or renovation projects. The money will be passed on to the counties in which the work is to be done by contractors. There are no operating costs to DHEC associated with these projects.
Department of Mental Health
The department indicates that no additional cost would be incurred for Phase II of the Columbia Area Mental Health Center nor Charleston/Dorchester Mental Health Facility Completion.
Commission for the Blind
The Commission for the Blind indicates that no additional costs would be incurred. Funds would be used to renovate existing facilities.
Forestry Commission
The House Ways and Means Committee staff reports that the money would be used to purchase land and a building to expand the Joe Adair Outdoor Education Center in Laurens county operated by the Joe Adair Foundation. Operating funds for the building will be provided by the Foundation. No additional funds would be needed.
Department of Agriculture
The $10 million for the department is to be used to expand the Columbia Farmers' Market. If the Market remains at the current location in Columbia, the department reports that there would be no additional funds needed to pay for operating expenses since they receive sufficient revenue from parking fees during football season to cover the cost of operating the market. However, if the Market is moved, $1 million would be needed to offset the loss in revenue that is currently available to cover operating expenses.
Clemson-Public Service Activities
Clemson plans to build a new laboratory facility on their property at Hobcaw Barony. The new lab will replace the existing lab and will be larger than the current lab. Based on square footage, Clemson estimates additional operating costs for utilities to be $96,250. The agency will absorb this additional cost within its currently budgeted resources.
Department of Natural Resources (DNR)
DNR reports that the two items funded are for renovations at existing facilities. There would be no additional operating costs associated with these projects.
Department of Commerce
The department indicates that no additional costs would be incurred.
SC Ports Authority
The authority reports that the $5.2 million would be used to pay the State's annual share of a joint federal-state project to deepen Charleston harbor. An additional $19.4 million is needed over the next several years to pay the State's share of the project, but no additional operating funds are needed.
Judicial Department
The department indicates there will be a cost of $621,600 to the General Fund of the State associated with the bond funds. The cost consists of $141,600 in recurring personal services, including fringe benefits, for 2.00 FTEs ( Chief Technology Officer and Program Manager), and $480,000 in nonrecurring for computer automation.
Department of Corrections
The department indicates that no additional costs would be incurred. Funds would be used primarily for maintenance and renovation of existing facilities.
Department of Probation, Parole & Pardon (PPP)
The Department of Probation, Parole & Pardon reports Bond funding as follows:
(a) Transitional Housing:
The department would not incur any additional costs as a result of Bond funding for Transitional Housing.
(b) Agency Safety Equipment:
Bond funds would be utilized to provide agents with the necessary safety equipment to perform their duties, to provide funding for emergency response deployments, and to provide funding to increase the hours of operations for the department's Fugitive Information and Offender Surveillance Office (FIOS) to 24 hours / 7 days a week. Agency Safety Equipment would require an additional $94,788 recurring cost to the general fund (related to communication and IT servicing requirements).
(c) Department IT Equipment: (d)
Bond funds would be utilized to enhance PPP's information technology capabilities and improve information flow capabilities.
Department of Juvenile Justice (DJJ)
DJJ indicates an additional cost would be incurred related to the Female Evaluation & Commitment facilities. Additional costs include nonrecurring operating cost for two female centers of $125,980 and recurring costs for 36 correctional officers totaling $1,206,917.
State Law Enforcement Division (SLED)
SLED projects there will be an additional annual operating cost of approximately $205,000 to cover the cost of utilities and maintenance for the forensic laboratory. This lab space will provide extra lab and office space for existing employees.
Department of Public Safety (DPS)
DPS indicates that no additional cost will be incurred. Funds will be used to renovate an existing facility.
Adjutant General
The Adjutant General indicates there will be no additional cost associated with the bond funds. The $1.22 million is being used as match money for $1.15 million in federal funds.
State Budget and Control Board - Division of Regional Development
Since these funds are for a local project, there will be no impact on the General Fund of the State.
Department of Parks, Recreation & Tourism (PRT)
PRT has determined the Santee State Park and Charles Towne Landing State Park will incur no additional funding. The Barnwell County Recreation Park, SC Athletic Hall of Fame and the Charleston County Park & Recreation Commission (Folly Beach Acquisition) will be flow thru funding.
Debt Service
The State Treasurer's Office estimates the total debt service is approximately $559.9 million for bonds issued over two years in the amount of $381 million beginning with July 1, 2001, amortized over fifteen years assuming a 5.25% interest rate.
II. Section 2
Section 2 merely increases "the aggregate principal indebtedness on account of bonds issued pursuant to this act" from $2,583,904,475 to $2,964,894,458.
III. Section 3
Section 3 allows for entities not included in the annual general appropriations act to receive bond funds.
IV. Section 4
Section 4 of the Bill allows the revenues credited to the Trust Fund for Tax Relief for the current year to be recognized as revenue to the General Fund of the State. This adjustment would affect the computations related to the General Reserve Fund, the Capital Reserve Fund and the debt service limitation beginning with the FY 2003-04.
Fiscal Year 2001-02 Board of Economic Advisors
Revenue Estimate $5,390,406,040
Add: Revenues credited to the Trust Fund
for Tax Relief 436,811,001
Total General Fund Revenue Estimate
for Fiscal Year 2001-02 $5,827,217,041
The Tables below show the results of the difference in revenue estimates.
General Reserve Fund-3% Capital Reserve-2%
Bond Bill Current Prov. Bond Bill Current Prov.
Revenue
Estimate
FY 2001-02 $5,827,217,041 $5,390,406,040 $5,827,217,041 $5,390,406,040
Funding
Requirement 174,816,511 161,712,181 116,544,341 107,808,121
Appropriation
Per 2002-03
Act/Account
Balance
Estimate 159,507,055 159,507,055 106,338,037 106,338,037
Additional
Funding
required 15,309,456 2,205,126 10,206,304 1,470,084
Difference
in Funding
Requirement +13,104,330 +8,736,220
Bond Bill Current Prov.
Revenue
Estimate
FY 2001-02 $5,827,217,041 $5,390,406,040
Debt Service
Limitation-5% 291,360,852 269,520,302
Difference
in Limitation 21,840,550
Approved By:
Don Addy
Office of State Budget
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.
Amend Title To Conform
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
School Buses 10,000,000
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 Cemetery 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) Fish Hatcheries repair and renovation 650,000
(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
Saluda County Water and Sewer 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
(ll) Department of Mental Health
Veterans' Nursing Home 2,600,000
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."
E. The Commission on Higher Education shall allocate the proceeds of bonds authorized in this act for the commission for Deferred Maintenance among the state's public higher education institutions based on the needs identified in the 1994 Study of Deferred Maintenance, or the most recent update of that study. Further, in making these allocations, the commission shall reduce the need of a specific institution by the amount authorized in this act for funding of a deferred maintenance project at that institution.
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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