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H. 3036
STATUS INFORMATION
General Bill
Sponsors: Reps. Kirsh, Witherspoon, Mahaffey, M.A. Pitts and Duncan
Document Path: l:\council\bills\ggs\22803htc05.doc
Companion/Similar bill(s): 59
Introduced in the House on January 11, 2005
Currently residing in the House Committee on Ways and Means
Summary: Closing the TERI program
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 12/8/2004 House Prefiled 12/8/2004 House Referred to Committee on Ways and Means 1/11/2005 House Introduced and read first time HJ-61 1/11/2005 House Referred to Committee on Ways and Means HJ-61 1/12/2005 House Member(s) request name added as sponsor: M.A.Pitts, Duncan
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO CLOSE THE TEACHER AND EMPLOYEE RETENTION INCENTIVE (TERI) PROGRAM TO NEW PARTICIPANTS EFFECTIVE JULY 1, 2005, AND TO REPEAL EFFECTIVE JULY 1, 2010, 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, 2005.
SECTION 2. Article 17, Chapter 1, Title 9 of the 1976 Code is repealed effective July 1, 2010, for all purposes except the distribution of program accounts existing on that date.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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