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S. 1019
STATUS INFORMATION
General Bill
Sponsors: Senator Grooms
Document Path: l:\council\bills\gjk\20657sd06.doc
Introduced in the Senate on January 10, 2006
Currently residing in the Senate Berkeley Delegation
Summary: General obligation bonds
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 1/10/2006 Senate Introduced and read first time SJ-43 1/10/2006 Senate Referred to delegation from Berkeley SJ-43
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO PROVIDE THAT BEFORE GENERAL OBLIGATION BONDS FOR CAPITAL IMPROVEMENTS OF THE SCHOOL DISTRICT OF BERKELEY COUNTY MAY BE ISSUED, AN ECONOMIC IMPACT STUDY FIRST MUST BE COMPLETED BY THE BERKELEY COUNTY LEGISLATIVE DELEGATION AND PROVIDED TO THE BERKELEY COUNTY BOARD OF EDUCATION AND THE BERKELEY COUNTY COUNCIL, AND TO PROVIDE FOR THE TIME LINES WHEN THE STUDY MUST BE COMPLETED.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Notwithstanding any other provision of law, before general obligation bonds for capital improvements of the school district of Berkeley County may be issued after the effective date of this act, an economic impact study first must be completed by the Berkeley County Legislative Delegation and provided to the Berkeley County Board of Education and the Berkeley County Council. For the purpose of conducting the study, the Berkeley County Board of Education shall notify the county legislative delegation of its desire to have such bonds issued and the county legislative delegation must then complete the economic impact study within six months of the date of the notice.
SECTION 2. This act takes effect upon approval by the Governor.
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