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Indicates Matter Stricken
Indicates New Matter
Sponsors: Reps. Miller and Anderson
Document Path: l:\council\bills\ggs\22551sd10.docx
Introduced in the House on March 17, 2010
Introduced in the Senate on March 24, 2010
Passed by the General Assembly on March 26, 2010
Governor's Action: April 26, 2010, Vetoed
Legislative veto action(s): Veto sustained
Summary: Georgetown County School District
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 3/17/2010 House Introduced, read first time, placed on calendar without reference HJ-7 3/23/2010 House Member(s) request name added as sponsor: Anderson 3/23/2010 House Read second time HJ-42 3/24/2010 House Read third time and sent to Senate HJ-9 3/24/2010 Senate Introduced, read first time, placed on local & uncontested calendar SJ-5 3/24/2010 Senate Unanimous consent for second and third readings on next two consecutive legislative days SJ-5 3/25/2010 Senate Read second time SJ-37 3/26/2010 Senate Read third time and enrolled SJ-3 4/20/2010 Ratified R 178 4/26/2010 Vetoed by Governor 4/29/2010 House Veto overridden by originating body Yeas-2 Nays-0 HJ-51 5/5/2010 Senate Veto sustained Yeas-1 Nays-1 SJ-29
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VERSIONS OF THIS BILL
NOTE: THIS COPY IS A TEMPORARY VERSION. THIS DOCUMENT WILL REMAIN IN THIS VERSION UNTIL PUBLISHED IN THE ADVANCE SHEETS TO THE ACTS AND JOINT RESOLUTIONS. WHEN THIS DOCUMENT IS PUBLISHED IN THE ADVANCE SHEET, THIS NOTE WILL BE REMOVED.
AN ACT TO PROVIDE THAT THE SCHOOL DISTRICT OF GEORGETOWN COUNTY FOR FISCAL YEAR 2010-2011 MAY EXPEND FUNDS GENERATED FROM A GENERAL OBLIGATION DEBT BOND ISSUE FOR SCHOOL OPERATING PURPOSES, IN ORDER TO DEAL WITH A SHORTAGE OF SCHOOL OPERATING FUNDS, IF PERMITTED BY THE FEDERAL LAW APPLICABLE TO THE PARTICULAR TYPES OF BONDS ISSUED AND IF IT DOES NOT VIOLATE ANY PROVISIONS OF THE BOND INDENTURE APPLICABLE TO THE ISSUANCE AND SALE OF THOSE BONDS.
Be it enacted by the General Assembly of the State of South Carolina:
Use of funds
SECTION 1. The School District of Georgetown County for fiscal year 2010-2011 may expend funds generated from a general obligation debt bond issue for school operating purposes, in order to deal with a shortage of school operating funds, if permitted by the federal law applicable to the particular types of bonds issued and if it does not violate any provisions of the bond indenture applicable to the issuance and sale of those bonds.
SECTION 2. This act takes effect upon approval by the Governor.
Ratified the 20th day of April, 2010.
President of the Senate
Speaker of the House of Representatives
Approved the ____________ day of _____________________2010.
This web page was last updated on May 27, 2010 at 11:49 AM