Current Status Bill Number:
611Ratification Number: 115Act Number: 72Type of Legislation: General Bill GBIntroducing Body: SenateIntroduced Date: 19950308Primary Sponsor: McConnellAll Sponsors: McConnell and WashingtonDrafted Document Number: PT\1674DW.95Companion Bill Number: 3416Date Bill Passed both Bodies: 19950523Date of Last Amendment: 19950518Governor's Action: U Became law without signature of GovernorDate of Governor's Action: 19950613Subject: Medical school, financial information
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ ------ 19950613 Act No. A72 ------ 19950613 Unsigned, became law without signature of Governor ------ 19950606 Ratified R115 House 19950523 Concurred in Senate amendment, enrolled for ratification Senate 19950518 House amendments amended, returned to House with amendment House 19950517 Read third time, returned to Senate with amendment House 19950516 Amended, read second time House 19950510 Recalled from Committee 30 HWM House 19950510 Introduced, read first time, 30 HWM referred to Committee Senate 19950509 Read third time, sent to House Senate 19950505 Read second time Senate 19950504 Committee report: Favorable 04 SED Senate 19950308 Introduced, read first time, 04 SED referred to CommitteeView additional legislative information at the LPITS web site.
(A72, R115, S611)
AN ACT TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 59-101-197 SO AS TO REQUIRE THE REPORTING OF CERTAIN FINANCIAL INFORMATION BY EACH MEDICAL SCHOOL RECEIVING AN APPROPRIATION FROM THE STATE.
Be it enacted by the General Assembly of the State of South Carolina:
Reporting of certain financial information required
SECTION 1. The 1976 Code is amended by adding:
"Section 59-101-197. (A) For purposes of this section `affiliate' means any entity controlled by or under common control with another entity, whether through ownership, interlocking boards or officers, charter, bylaws, or otherwise and including each professional staff office or practice of each medical school receiving an appropriation from the State, and each trust or foundation which has as one of its significant purposes the support of a medical school receiving an appropriation from the State.
(B) Not later than September first of each year, each medical school receiving an appropriation from the State shall provide to the General Assembly a written report setting forth:
(1) for the prior fiscal year the total compensation paid or accrued by the medical school and its affiliates, including cash, fringe benefits, retirement accounts or arrangements, deferred compensation accounts or arrangements, consultant's, director's, and trustee's fees and honoraria, from all sources to or for each officer, dean, department chairman, and each of the fifty most highly compensated physicians employed by or utilizing the facilities of the medical school or its affiliates;
(2) a description of each element of the compensation;
(3) the source of each element of the compensation; and
(4) the number of out-of-state students and the total number of students in each academic program."
SECTION 2. This act takes effect upon approval by the Governor.
Became law without the signature of the Governor -- 6/13/95.