H*4844(Rat #0263, Act #0376 of 2008)  General Bill, By Hayes
 AN ACT TO AMEND ACT 137 OF 2007, RELATING TO ACQUISITION AGREEMENTS FOR SCHOOL
 BUILDINGS AND OTHER SCHOOL FACILITIES, SO AS TO PROVIDE THAT NO ACQUISITION
 AGREEMENT MAY BE ENTERED INTO UNTIL THE DILLON COUNTY BOARD OF EDUCATION
 PROJECTS THAT ALL SALES TAX REVENUE, BOND REVENUE, AND ALL OTHER SOURCES OF
 AVAILABLE REVENUE ARE SUFFICIENT TO PAY AMOUNTS OWED UNDER THE ACQUISITION
 AGREEMENT. - ratified title

   03/12/08  House  Introduced, read first time, placed on calendar
                     without reference HJ-8
   03/13/08  House  Read second time HJ-23
   03/13/08  House  Unanimous consent for third reading on next
                     legislative day HJ-23
   03/14/08  House  Read third time and sent to Senate HJ-1
   03/18/08  Senate Introduced, read first time, placed on local &
                     uncontested calendar SJ-4
   04/09/08  Senate Read second time SJ-80
   04/09/08  Senate Unanimous consent for third reading on next
                     legislative day SJ-80
   04/10/08  Senate Read third time and enrolled SJ-26
   05/08/08         Ratified R 263
   05/14/08         Vetoed by Governor
   05/21/08  House  Veto overridden by originating body Yeas-1 
                     Nays-0 HJ-126
   05/22/08  Senate Veto overridden Yeas-45  Nays-0
   06/02/08         Copies available
   06/02/08         Effective date 05/22/08
   08/06/08         Act No. 376

(A376, R263, H4844)

AN ACT TO AMEND ACT 137 OF 2007, RELATING TO ACQUISITION AGREEMENTS FOR SCHOOL BUILDINGS AND OTHER SCHOOL FACILITIES, SO AS TO PROVIDE THAT NO ACQUISITION AGREEMENT MAY BE ENTERED INTO UNTIL THE DILLON COUNTY BOARD OF EDUCATION PROJECTS THAT ALL SALES TAX REVENUE, BOND REVENUE, AND ALL OTHER SOURCES OF AVAILABLE REVENUE ARE SUFFICIENT TO PAY AMOUNTS OWED UNDER THE ACQUISITION AGREEMENT.

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

Dillon County acquisition agreements

SECTION    1.    Section 2(B) of Act 137 of 2007 is amended to read:

"(B)    Notwithstanding another provision of this act, no acquisition agreement may be entered into pursuant to this act unless, prior to the entry into such agreement, the Dillon County Board of Education projects that the revenues from the sales tax provided for in this act and the proceeds of any general obligation bonds of any of the several school districts as provided for in this act and all other sources of revenue that are available to the Dillon County Board of Education for that purpose are sufficient to pay all amounts owed under such agreement and all other such agreements entered into pursuant to this act then in effect."

Time effective

SECTION    2.    This act takes effect upon approval by the Governor.

Ratified the 8th day of May, 2008.

Vetoed by the Governor -- 5/14/08.

Veto overridden by House -- 5/21/08.

Veto overridden by Senate -- 5/22/08.