South Carolina General Assembly
117th Session, 2007-2008

Download This Version in Microsoft Word format

Bill 75

Indicates Matter Stricken
Indicates New Matter


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

AMENDED

May 21, 2008

S. 75

Introduced by Senators Ryberg, Bryant and Verdin

S. Printed 5/21/08--H.

Read the first time February 28, 2007.

            

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 59-4-110 TO PROVIDE THAT THE SOUTH CAROLINA TUITION PREPAYMENT PROGRAM MAY NOT ACCEPT NEW PARTICIPANTS AND THE PROGRAM SHALL REMAIN IN OPERATION FOR EXISTING PARTICIPANTS.

Amend Title To Conform

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

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."

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.

----XX----

This web page was last updated on Monday, June 22, 2009 at 3:08 P.M.