Current Status Introducing Body:Senate Bill Number:378 Ratification Number:23 Act Number:189 Primary Sponsor:Rankin Type of Legislation:JR Subject:School districts, allocations due to Date Bill Passed both Bodies:19930303 Computer Document Number:DKA/4250TC.93 Governor's Action:S Date of Governor's Action:19930323 Introduced Date:19930204 Date of Last Amendment:19930209 Last History Body:------ Last History Date:19930323 Last History Type:Act No. 189 Scope of Legislation:Statewide All Sponsors:Rankin Elliott Greg Smith Type of Legislation:Joint Resolution
Bill Body Date Action Description CMN Leg Involved
---- ------ ------------ ------------------------------ --- ------------
378 ------ 19930323 Act No. 189
378 ------ 19930323 Signed by Governor
378 ------ 19930317 Ratified R 23
378 House 19930303 Read third time, enrolled for
ratification
378 House 19930302 Objection withdrawn by Littlejohn
Representative
378 House 19930302 Read second time
378 House 19930223 Debate adjourned until
Tuesday, March 2, 1993
378 House 19930223 Objection withdrawn by Fulmer
Representative Harrell
Hallman
378 House 19930216 Objection by Representative Hallman
Gonzales
Holt
Fulmer
Harrell
Littlejohn
378 House 19930210 Introduced, read first time,
placed on Calendar without
reference
378 Senate 19930209 Amended, read third time,
sent to House
378 Senate 19930205 Read second time, notice of
general amendments
378 Senate 19930204 Ordered to receive second
reading with notice of
general amendments on Friday,
February 5, 1993
378 Senate 19930204 Introduced, read first time,
placed on Calendar without
reference
View additional legislative information at the LPITS web site.
(A189, R23, S378)
A JOINT RESOLUTION TO PROVIDE FOR MAKING UP AN EDUCATION FINANCE ACT ALLOCATION UNDERPAYMENT TO A SCHOOL DISTRICT RESULTING FROM AN ERROR IN THE PREPARATION OF THE DISTRICT'S INDEX OF TAXPAYING ABILITY FOR SCHOOL YEAR 1992-93, TO REQUIRE THE UNDERPAYMENT TO BE MADE UP IN EFA DISTRIBUTIONS TO THE DISTRICT OVER THE SUCCEEDING TWO SCHOOL YEARS, TO PROVIDE FOR EFA ALLOTMENT CALCULATIONS DURING THE PAYBACK PERIOD, TO REQUIRE THE UNDERPAYMENT TO EXCEED TEN PERCENT FOR THE DISTRICT TO BE ELIGIBLE FOR THE MAKEUP PAYMENT, AND TO REQUIRE ANY SCHOOL TAX LEVIED TO MAKE UP THE UNDERPAYMENT TO BE TAKEN INTO ACCOUNT BY A CORRESPONDING REDUCTION IN THE TAX LEVY REFLECTING THE AMOUNT OF MAKEUP FUNDS RECEIVED IN A SUBSEQUENT YEAR.
Be it enacted by the General Assembly of the State of South Carolina:
EFA distribution underpayment
SECTION 1. An Education Finance Act underpayment to a school district resulting from an error in the preparation of the district's index of taxpaying ability for the 1992-93 school year must be made up in EFA distributions to the district over two years, beginning with the 1993-94 school year distribution. The amount of the makeup payment to the district must be deducted from available EFA funds before the allocation of EFA funds for the two years. This section does not apply unless the amount of the underpayment exceeds ten percent of the EFA funds allocated to the district for the 1992-93 school year. Provided, however, any local tax levied to generate additional revenue due to the EFA underpayment must be taken into account so as to reduce the tax levy by a corresponding amount for applicable year for which the makeup is received as provided in this section.
Time effective
SECTION 2. This joint resolution takes effect upon approval by the Governor.
Approved the 23rd day of March, 1993.