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COMMITTEE REPORT
February 21, 2007
S. 75
S. Printed 2/21/07--S.
Read the first time January 9, 2007.
To whom was referred a Bill (S. 75) to amend the Code of Laws of South Carolina, 1976, by adding Section 59-4-110 to provide that the South Carolina Tuition Prepayment Program may not accept, etc., respectfully
That they have duly and carefully considered the same and recommend that the same do pass:
JOHN E. COURSON for Committee.
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 59-4-110 TO PROVIDE THAT THE SOUTH CAROLINA TUITION PREPAYMENT PROGRAM MAY NOT ACCEPT NEW PARTICIPANTS AND THE PROGRAM SHALL REMAIN IN OPERATION FOR EXISTING PARTICIPANTS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 4, Title 59 of the 1976 Code is amended by adding:
"Section 59-4-110. (A) Notwithstanding another provision of law, the South Carolina Tuition Prepayment Program may not accept new participants until the General Assembly authorizes the program to accept new participants by joint resolution.
(B) This section does not affect the existing participants in the program, and the South Carolina Tuition Prepayment Program remains in full operation for this purpose."
SECTION 2. This act takes effect July 1, 2007.
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