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Indicates Matter Stricken
Indicates New Matter
S. 94
STATUS INFORMATION
General Bill
Sponsors: Senator Bright
Document Path: l:\s-res\lb\023gen .ls.lb.docx
Introduced in the Senate on January 13, 2015
Currently residing in the Senate Committee on Education
Summary: School bonds
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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12/3/2014 Senate Prefiled
12/3/2014 Senate Referred to Committee on Education
1/13/2015 Senate Introduced and read first time (Senate Journal-page 78)
1/13/2015 Senate Referred to Committee on Education
(Senate Journal-page 78)
View the latest legislative information at the website
VERSIONS OF THIS BILL
TO AMEND CHAPTER 71, TITLE 59 OF THE 1976 CODE, RELATING TO SCHOOL BONDS, BY ADDING SECTION 59-71-35 TO PROHIBIT SCHOOL DISTRICTS FROM ISSUING GENERAL OBLIGATION BONDS FOR GENERAL OPERATING EXPENSES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 71, Title 59 of the 1976 Code is amended by adding:
"Section 59-71-35. The authorities of any operating school unit may not issue general obligation bonds of the operating school unit for the purpose of defraying costs associated with the general operations of the operating school unit."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on January 14, 2015 at 9:34 AM