South Carolina General Assembly
106th Session, 1985-1986

Bill 3961


                    Current Status

Bill Number:               3961
Ratification Number:       594
Act Number:                610
Introducing Body:          House
Subject:                   Relating to the millage to be levied in
                           Marion County, so as to provide for the
                           millage for school purposes for the fiscal
                           year beginning July 1, 1986, and ending June
                           30, 1987
View additional legislative information at the LPITS web site.


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

(A610, R594, H3961)

AN ACT TO AMEND ACT 605 OF 1984, AS AMENDED, RELATING TO THE MILLAGE TO BE LEVIED IN MARION COUNTY, SO AS TO PROVIDE FOR THE MILLAGE FOR SCHOOL PURPOSES FOR THE FISCAL YEAR BEGINNING JULY 1, 1986, AND ENDING JUNE 30, 1987; AND TO AUTHORIZE THE BOARD OF TRUSTEES OF SCHOOL DISTRICT NO. 3 IN MARION COUNTY TO BORROW NOT EXCEEDING TWO HUNDRED THOUSAND DOLLARS FOR THE PURPOSE OF CONSTRUCTING, IMPROVING, AND REPAIRING SCHOOLS AND SCHOOL BUILDINGS IN THE DISTRICT AND TO PROVIDE FOR THE METHOD OF PAYMENT OF THE LOAN AND INTEREST BY THE BOARD.

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

Millage for school purposes in Marion County

SECTION 1. Section 1 of Act 605 of 1984, as last amended by Act 283 of 1985, is further amended to read:

"Section 1. There is levied in Marion County for school purposes for the fiscal year beginning July 1, 1986, and ending June 30, 1987, the following millage:

Marion District No. 1

Countywide millage for all schools 91

County Board 5

Marion-Mullins Vocational School 7

Millage for Lower Marion

District No. 3 2

Millage for Britton's Neck No. 4 2

107

Mullins District No. 2

Countywide millage for all schools 91

County Board 5

Marion-Mullins Vocational School 7

Millage for Lower Marion

District No. 3 2

Millage for Britton's Neck

District No. 4 2

107

Lower Marion District No. 3

Countywide millage for all schools 91

County Board 5

Marion-Mullins Vocational School 7

Millage for Lower Marion

District No. 3 2

Lower Marion millage for Lower

Marion No. 3 5

110

Britton's Neck District No. 4

Countywide millage for all schools 91

County Board 5

Marion-Mullins Vocational School 7

Millage for Britton's Neck No. 4 2

Britton's Neck millage for

Britton's Neck 15

120."

Millage for school purposes in Marion County

SECTION 2. Section 2 of Act 605 of 1984, as last amended by Act 283 of 1985, is further amended to read:

"Section 2. The revenue must be collected by the treasurer, after which he shall notify the clerk of the County Board of Education of the amount collected each month, and the clerk shall apportion the money monthly as follows:

(1) The local support required by the State for each district shall receive first obligation in order for the district to receive its state allocation and be distributed as collected.

(2) The remainder of the ninety-one mills must be distributed equally to all districts based on weighted pupil unit as collected.

(3) Five mills are collected for the County Board of Education and retained for operation of the County Board of Education, attendance supervisor, and adult education programs.

(4) Two mills from Districts 1, 2, and 3 must be collected and distributed by the clerk of the County Board of Education to Lower Marion District No. 3, plus five mills must be collected from Lower Marion District No. 3 and distributed as collected.

(5) Two mills from Districts 1, 2, and 4 must be collected and distributed by the County Board of Education to Britton's Neck District No. 4, plus fifteen mills must be collected from Britton's Neck District No. 4 and distributed as collected.

(6) The county auditor shall make the necessary adjustments in the millage for all school districts to meet the local minimum effort requirements of the Education Improvement Act."

School district, vocational school, budget

SECTION 3. Section 3 of Act 605 of 1984, as last amended by Act 283 of 1985, is further amended to read:

"Section 3. Each school district and vocational school in Marion County shall submit their budget requests to the County Board of Education no later than March first of each year."

Trustees may borrow

SECTION 4. The Board of Trustees of School District No. 3 in Marion County may borrow, not exceeding two hundred thousand dollars, for the purpose of constructing, improving, or repairing schools and school buildings in Marion School District No. 3 of Marion County. The loan must be secured by a note to be executed by a majority of the board of trustees of the district and shall bear the least interest available from a bank doing business in Marion County. The note must be made payable at a date the board may determine, not to exceed twenty years from the date of issuance.

Issuance of note

SECTION 5. Prior to the issuance of the note, notice must be given to all of the banks in Marion County to permit them to purchase the note, if they desire.

Issuance of note

SECTION 6. The board of trustees may refinance any portion of the outstanding indebtedness due on the note at any time and from time to time within the twenty-year period by the issuance of new notes. The new notes shall mature not later than twenty years from the date of the original issuance.

Loan repayment - tax levy

SECTION 7. In order to provide for the repayment of the loan and interest there is levied an annual tax upon all of the taxable property of School District No. 3 sufficient to pay all interest and the note as they become due. The principal and interest may be paid annually. When the loan is paid the tax levied for this purpose shall cease. It is the duty of the auditor of Marion County to levy the special tax annually on all of the taxable property of the school district and the duty of the county treasurer to collect the tax levied as other taxes are collected by law and to pay the principal and interest on the note as they become due according to their terms. The full faith and credit and taxing power of School District No. 3 are irrevocably pledged for the payment of the note and interest.

Note payment

SECTION 8. The Board of Trustees of School District No. 3 shall give consideration to applying to the payment of the amounts due on the note from time to time so much of the funds as may be made available to School District No. 3 by the State Department of Education, or any other agency of the State of South Carolina, after July 1, 1986. When the funds are applied to the payment of the principal and interest any tax authorized to be levied in Sections 4 through 9 of this act must be reduced accordingly.

Money borrowed - deposited with treasurer

SECTION 9. The amount borrowed must be deposited with the county treasurer of Marion County to the credit of Marion School District No. 3 to be expended upon warrants or orders of the proper school officials for the purposes mentioned in Sections 4 through 9 of this act.

Time effective

SECTION 10. This act shall take effect upon approval by the Governor.