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Session 104 - (1981-1982)Printer Friendly
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H*3915 (Rat #0502, Act #0533 of 1982) General Bill, By J.D. McInnis and J.W. McLeod
A Bill to authorize the Board of Education of Dillon County to borrow an amount not to exceed nine hundred eighty thousand dollars to be used for school construction; to provide for the payment of the loan; to provide that the County Treasurer shall apply any amount of the millage levied for school debt retirement in Dillon County for fiscal year 1981-82, which has not been pledged previously or applied for other purposes on the effective date of this Act, for purposes of repayment of the loan; to provide that in each subsequent fiscal year the County Auditor may levy, and the Treasurer collect, an annual tax of up to fifteen mills upon all of the taxable property of the County as necessary to retire the loan and the interest due thereon; to provide that as additional security for the loan in the event the millage referred to in Section 2 of this Act is insufficient, the County Auditor shall levy, and the Treasurer collect, an annual tax upon all of the taxable property of Dillon County sufficient to retire the loan and the interest due thereon and that the entire proceeds of such levy shall be applied to the payment of the note, inclusive of interest, in full, at which time the levy provided herein shall be terminated; to provide that in the event the Board may receive or have on hand any funds not otherwise pledged or designated for a particular use, such funds may be used for payment of the loan and interest; to provide that the full faith, credit, and taxing power of Dillon County are irrevocably pledged for the payment of the loan; and to repeal Act 639 of 1980 which authorized the Board to borrow up to six hundred thousand dollars for school construction.-at
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A Bill to authorize the Board of Education of Dillon County to borrow an amount not to exceed nine hundred eighty thousand dollars to be used for school construction; to provide for the payment of the loan; to provide that the County Treasurer shall apply any amount of the millage levied for school debt retirement in Dillon County for fiscal year 1981-82, which has not been pledged previously or applied for other purposes on the effective date of this Act, for purposes of repayment of the loan; to provide that in each subsequent fiscal year the County Auditor may levy, and the Treasurer collect, an annual tax of up to fifteen mills upon all of the taxable property of the County as necessary to retire the loan and the interest due thereon; to provide that as additional security for the loan in the event the millage referred to in Section 2 of this Act is insufficient, the County Auditor shall levy, and the Treasurer collect, an annual tax upon all of the taxable property of Dillon County sufficient to retire the loan and the interest due thereon and that the entire proceeds of such levy shall be applied to the payment of the note, inclusive of interest, in full, at which time the levy provided herein shall be terminated; to provide that in the event the Board may receive or have on hand any funds not otherwise pledged or designated for a particular use, such funds may be used for payment of the loan and interest; to provide that the full faith, credit, and taxing power of Dillon County are irrevocably pledged for the payment of the loan; and to repeal Act 639 of 1980 which authorized the Board to borrow up to six hundred thousand dollars for school construction.-at
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05/06/82 | House | Introduced, read first time, placed on calendar without reference HJ-2826 |
05/07/82 | House | Read second time HJ-2870 |
05/12/82 | House | Read third time and sent to Senate HJ-2902 |
05/19/82 | Senate | Intd. & placed on loc. & uncontested cal. w/o reference SJ-23 |
05/20/82 | Senate | Amended SJ-26 |
05/20/82 | Senate | Read second time SJ-27 |
05/20/82 | Senate | Ordered to third reading with notice of amendments SJ-27 |
05/21/82 | Senate | Read third time SJ-3 |
05/21/82 | Senate | Returned SJ-3 |
05/25/82 | House | Debate adjourned on amendments HJ-3140 |
05/27/82 | House | Senate amendment amended HJ-3630 |
05/27/82 | House | Returned HJ-3631 |
05/28/82 | Senate | Concurred in House amendment and enrolled SJ-321 |
06/02/82 | House | Ratified R 502 HJ-3839 |
06/03/82 | Signed By Governor | |
06/03/82 | Effective date 06/03/82 | |
06/03/82 | Act No. 533 | |
06/18/82 | Copies available |