South Carolina General Assembly
123rd Session, 2019-2020

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S. 536

STATUS INFORMATION

Joint Resolution
Sponsors: Education Committee
Document Path: l:\council\bills\dbs\31521cz19.docx

Introduced in the Senate on February 19, 2019
Currently residing in the Senate Committee on Education

Summary: Accounting and reporting (D. No. 4832)

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   2/19/2019  Senate  Introduced, read first time, placed on calendar without 
                        reference (Senate Journal-page 13)
   2/28/2019  Senate  Recommitted to Committee on Education 
                        (Senate Journal-page 5)

View the latest legislative information at the website

VERSIONS OF THIS BILL

2/19/2019
2/19/2019-A

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

INTRODUCED

February 19, 2019

S. 536

Introduced by Education Committee

S. Printed 2/19/19--S.

Read the first time February 19, 2019.

            

A JOINT RESOLUTION

TO APPROVE REGULATIONS OF THE STATE BOARD OF EDUCATION, RELATING TO ACCOUNTING AND REPORTING, DESIGNATED AS REGULATION DOCUMENT NUMBER 4832, PURSUANT TO THE PROVISIONS OF ARTICLE 1, CHAPTER 23, TITLE 1 OF THE 1976 CODE.

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

SECTION    1.    The regulations of the State Board of Education, relating to Accounting and Reporting, designated as Regulation Document Number 4832, and submitted to the General Assembly pursuant to the provisions of Article 1, Chapter 23, Title 1 of the 1976 Code, are approved.

SECTION    2.    This joint resolution takes effect upon approval by the Governor.

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SUMMARY AS SUBMITTED

BY PROMULGATING AGENCY.

State Board of Education Regulation 43-172 governs the requirements for school districts, county boards of education, and career and technical education centers to obtain an annual audit of financial records by a certified or licensed public accountant. Amendments to Regulation 43-172 will revise the due date of the annual audit report from November 15 to December 1 to coincide with the deadline listed in the SC Code of Law 59-17-100. The amendment will also remove the reference to the "Office of School District Auditing" and replace it with the "Department" and revise the term "occupational education center" to "career and technical education center" to coincide with current terms. The amendment will also update the Financial Resources to remove the reference to the Staff Accountability Manual which does not exist and replace with the Student Accountability Manual.

Notice of Drafting for the proposed amendments to the regulation was published in the State Register on August 24, 2018.

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This web page was last updated on February 28, 2019 at 3:25 PM