South Carolina General Assembly
115th Session, 2003-2004

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H. 4427

STATUS INFORMATION

General Bill
Sponsors: Reps. Kirsh, Vaughn, Stille, Cotty, Altman, Witherspoon and Perry
Document Path: l:\council\bills\ggs\22311htc04.doc
Companion/Similar bill(s): 382, 779

Introduced in the House on January 13, 2004
Currently residing in the House Committee on Ways and Means

Summary: Close TERI program to new participants effective July 1, 2004 and to repeal the program five years hence

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   12/3/2003  House   Prefiled
   12/3/2003  House   Referred to Committee on Ways and Means
   1/13/2004  House   Introduced and read first time HJ-69
   1/13/2004  House   Referred to Committee on Ways and Means HJ-70
   1/21/2004  House   Member(s) request name added as sponsor: Perry

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

12/3/2003

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO CLOSE THE TEACHER AND EMPLOYEE RETENTION INCENTIVE (TERI) PROGRAM TO NEW PARTICIPANTS EFFECTIVE JULY 1, 2004, AND TO REPEAL EFFECTIVE JULY 1, 2009, ARTICLE 17, CHAPTER 1, TITLE 9, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE ESTABLISHMENT OF THE TERI PROGRAM.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Notwithstanding the provisions of Section 9-1-2210(A) of the 1976 Code, the Teacher and Employee Retention Incentive (TERI) Program established pursuant to Section 9-1-2210 is closed to new participants effective July 1, 2004.

SECTION    2.    Article 17, Chapter 1, Title 9 of the 1976 Code is repealed effective July 1, 2009, for all purposes except the distribution of program accounts existing on that date.

SECTION    3.    This act takes effect upon approval by the Governor.

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