South Carolina General Assembly
120th Session, 2013-2014

Download This Bill in Microsoft Word format

Indicates Matter Stricken
Indicates New Matter

S. 401

STATUS INFORMATION

General Bill
Sponsors: Senators O'Dell and Coleman
Document Path: l:\council\bills\agm\19900ab13.docx

Introduced in the Senate on February 20, 2013
Introduced in the House on April 18, 2013
Last Amended on April 16, 2013
Currently residing in the House Committee on Ways and Means

Summary: Citadel Board of Visitors

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   2/20/2013  Senate  Introduced and read first time (Senate Journal-page 16)
   2/20/2013  Senate  Referred to Committee on Education 
                        (Senate Journal-page 16)
   4/11/2013  Senate  Committee report: Favorable with amendment Education 
                        (Senate Journal-page 8)
   4/16/2013  Senate  Committee Amendment Adopted (Senate Journal-page 23)
   4/16/2013  Senate  Read second time (Senate Journal-page 23)
   4/16/2013  Senate  Roll call Ayes-43  Nays-0 (Senate Journal-page 23)
   4/17/2013          Scrivener's error corrected
   4/17/2013  Senate  Read third time and sent to House 
                        (Senate Journal-page 19)
   4/18/2013  House   Introduced and read first time (House Journal-page 32)
   4/18/2013  House   Referred to Committee on Ways and Means 
                        (House Journal-page 32)

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

2/20/2013
4/11/2013
4/16/2013
4/17/2013

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

Indicates Matter Stricken

Indicates New Matter

COMMITTEE AMENDMENT ADOPTED

April 16, 2013

S. 401

Introduced by Senators O'Dell and Coleman

S. Printed 4/16/13--S.    [SEC 4/17/13 12:11 PM]

Read the first time February 20, 2013.

            

A BILL

TO AMEND SECTION 59-121-55, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE TRANSFER OF FUNDS OR PROPERTY BY THE CITADEL BOARD OF VISITORS TO A NONPROFIT ELEEMOSYNARY CORPORATION ESTABLISHED BY THE BOARD, SO AS TO REMOVE A LIMIT ON THE AMOUNT OF FUNDS OR PROPERTY THAT THE BOARD MAY TRANSFER TO THE CORPORATION.

Amend Title To Conform

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

SECTION    1.    Section 59-121-55(B) of the 1976 Code is amended to read:

"(B)    The Board of Visitors is further authorized to transfer not exceeding twenty million dollars of nonstate appropriated funds and property it privately donated to the college, and income or proceeds derived from these privately donated funds and property, that the board holds in its name or in the college's name for scholarship and other college support purposes to the nonprofit corporation formed pursuant to subsection (A). These funds, and property, and income and proceeds derived from them, must be used by the nonprofit corporation for its stated purposes, except that any restrictions or limitations applicable to a specified portion of these funds or property continue to be applicable after the transfer of those the funds, or property, and income and proceeds derived from them, to the nonprofit corporation. Any encumbrances or liability on the funds, and property, and income and proceeds derived from them so transferred must be assumed by the nonprofit corporation."

SECTION    2.    This act takes effect upon approval by the Governor.

----XX----

This web page was last updated on April 19, 2013 at 11:43 AM