South Carolina General Assembly
111th Session, 1995-1996

Bill 4021

Indicates Matter Stricken
Indicates New Matter 

                    Current Status

Bill Number:                       4021
Type of Legislation:               Joint Resolution JR
Introducing Body:                  House
Introduced Date:                   19950412
Primary Sponsor:                   Stille 
All Sponsors:                      Stille and Cooper 
Drafted Document Number:           bbm\10161jm.95
Residing Body:                     House
Current Committee:                 Ways and Means Committee 30
                                   HWM
Subject:                           Federal Belly-up Reserve
                                   Fund
History


Body    Date      Action Description                       Com     Leg Involved
______  ________  _______________________________________  _______ ____________

House   19950412  Introduced, read first time,             30 HWM
                  referred to Committee
View additional legislative information at the LPITS web site.

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

A JOINT RESOLUTION

TO AMEND ARTICLE X OF THE CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING TO FINANCE, TAXATION, AND BONDED DEBT, BY ADDING SECTION 23 SO AS TO PROVIDE FOR THE ESTABLISHMENT OF A RESERVE FUND FOR THE CONTINGENCY OF THE FEDERAL GOVERNMENT'S DECLARATION OF BANKRUPTCY SO THAT THE STATE OF SOUTH CAROLINA WILL HAVE SUFFICIENT FUNDS SET ASIDE AND IN RESERVE WHEN THAT ANTICIPATED DISASTER OCCURS.

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

SECTION 1. Article X of the Constitution of this State is amended by adding:

"Section 23. The `Federal "Belly-up" Reserve Fund' is established as follows:

-----XX-----