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A246, R296, S75
Sponsors: Senators Ryberg, Bryant and Verdin
Document Path: l:\s-res\wgr\005tuit.dag.doc
Introduced in the Senate on January 9, 2007
Introduced in the House on February 28, 2007
Last Amended on May 21, 2008
Passed by the General Assembly on May 27, 2008
Became law without Governor's signature, June 5, 2008
Summary: Tuition pre-payment program
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 11/29/2006 Senate Prefiled 11/29/2006 Senate Referred to Committee on Education 1/9/2007 Scrivener's error corrected 1/9/2007 Scrivener's error corrected 1/9/2007 Senate Introduced and read first time SJ-57 1/9/2007 Senate Referred to Committee on Education SJ-57 2/21/2007 Senate Committee report: Favorable Education SJ-20 2/22/2007 Senate Read second time SJ-17 2/27/2007 Senate Read third time and sent to House SJ-8 2/28/2007 House Introduced and read first time HJ-4 2/28/2007 House Referred to Committee on Ways and Means HJ-4 5/15/2008 House Committee report: Favorable with amendment Ways and Means HJ-11 5/21/2008 House Amended HJ-33 5/21/2008 House Read second time HJ-33 5/22/2008 House Read third time and returned to Senate with amendments HJ-11 5/27/2008 Senate Concurred in House amendment and enrolled SJ-33 5/29/2008 Ratified R 296 6/5/2008 Became law without Governor's signature 6/10/2008 Copies available 6/10/2008 Effective date 07/01/08 6/13/2008 Act No. 246
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VERSIONS OF THIS BILL
(A246, R296, S75)
AN ACT TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 59-4-110 SO AS TO PROVIDE THAT THE SOUTH CAROLINA TUITION PREPAYMENT PROGRAM MAY NOT ACCEPT NEW PARTICIPANTS UNTIL AUTHORIZED BY THE GENERAL ASSEMBLY, AND THAT THE PROGRAM REMAINS IN OPERATION FOR EXISTING PARTICIPANTS; AND BY ADDING SECTION 59-4-120 SO AS TO PROVIDE THAT AN ANNUAL INCREASE IN TUITION FOR AN INSTITUTION CANNOT EXCEED SEVEN PERCENT PER YEAR FROM FISCAL YEAR 2006-2007, AND TO THE EXTENT THAT IT DOES, THE INSTITUTION SHALL GRANT A WAIVER OF THE DIFFERENCE TO THE DESIGNATED BENEFICIARY.
Be it enacted by the General Assembly of the State of South Carolina:
New participants prohibited in South Carolina Tuition Prepayment Program
SECTION 1. Chapter 4, Title 59 of the 1976 Code is amended by adding:
"Section 59-4-110. (A) Notwithstanding another provision of law, the South Carolina Tuition Prepayment Program may not accept new participants until the General Assembly authorizes the program to accept new participants by joint resolution.
(B) This section does not affect the existing participants in the program, and the South Carolina Tuition Prepayment Program remains in full operation for this purpose."
Tuition increase above seven percent prohibited for participating institutions
SECTION 2. Chapter 4, Title 59 of the 1976 Code is amended by adding:
"Section 59-4-120. For purposes of the Tuition Prepayment Program, the annual increase in tuition for an institution cannot exceed seven percent per year from Fiscal Year 2006-2007. To the extent that actual tuition for an institution exceeds an annual growth of seven percent per year, the institution shall grant a waiver of the difference to the designated beneficiary and must not pass along the difference to any student."
SECTION 3. This act takes effect July 1, 2008.
Ratified the 29th day of May, 2008.
Became law without the signature of the Governor -- 6/5/08.
This web page was last updated on Monday, October 10, 2011 at 1:26 P.M.