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Bill Number: 4095 Ratification Number: 232 Act Number 294 Introducing Body: House Subject: Relating to the Marion County Board of Education
(A294, R232, H4095)
AN ACT TO AMEND ACT 607 OF 1986, RELATING TO THE MARION COUNTY BOARD OF EDUCATION, SO AS TO FURTHER PROVIDE FOR THE ANNUAL MILLAGE WHICH MAY BE LEVIED BY THE BOARD.
Be it enacted by the General Assembly of the State of South Carolina:
Millage levy revised
SECTION 1. Section 5 of Act 607 of 1986 is amended to read:
"Section 5. Beginning with its 1987-88 fiscal year, the elected board of education may levy for the annual operation of the district, districts, or board without the authorization of the General Assembly by act or joint resolution, the millage authorized to be levied for these purposes for the previous year plus a millage increase which on a percentage basis does not exceed five percent above the annual inflation factor as determined under the South Carolina Education Finance Act for that year. If the board desires to levy millage in excess of these limits it may do so only with the approval of the qualified electors in the school district in a referendum called in the same manner as provided for in Chapter 9, Title 4, of the 1976 Code."
SECTION 2. This act takes effect upon approval by the Governor.