S 0948 Joint Resolution, By Thomas
Summary: School districts and political subdivisions, restrictions on when allowed to incur new general obligation debt, not to occur during countywide reassessment year
    A JOINT RESOLUTION PROPOSING AN AMENDMENT TO SECTIONS 14 AND 15, ARTICLE X OF THE CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING TO THE AUTHORITY OF POLITICAL SUBDIVISIONS OF THE STATE AND SCHOOL DISTRICTS TO INCUR GENERAL OBLIGATION DEBT, SO AS TO PROVIDE THAT IN A YEAR OF IMPLEMENTATION OF THE NEW VALUES OF A COUNTYWIDE REASSESSMENT PROGRAM, A POLITICAL SUBDIVISION AND A SCHOOL DISTRICT MAY NOT INCUR NEW GENERAL OBLIGATION DEBT EXCEPT FOR TAX ANTICIPATION NOTES.
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01/30/02	Senate	Introduced and read first time SJ-2
01/30/02	Senate	Referred to Committee on Judiciary SJ-2