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Current Status Bill Number:View additional legislative information at the LPITS web site.1112 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:20000203 Primary Sponsor:Alexander All Sponsors:Alexander and Drummond Drafted Document Number:l:\council\bills\pt\1782dw00.doc Companion Bill Number:4512 Residing Body:Senate Current Committee:Finance Committee 06 SF Subject:Clemson University, plant improvement bonds, limitation on amount to be issued; Colleges, Bonds or Notes History Body Date Action Description Com Leg Involved ______ ________ ______________________________________ _______ ____________ Senate 20000203 Introduced, read first time, 06 SF referred to Committee Versions of This Bill
TO AMEND ACT 1278 OF 1970, AS AMENDED, RELATING TO THE ISSUANCE OF PLANT IMPROVEMENT BONDS BY CLEMSON UNIVERSITY, SO AS TO MODIFY THE LIMITATION ON THE AMOUNT OF PLANT IMPROVEMENT BONDS WHICH MAY BE ISSUED.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 4 of Act 1278 of 1970, as last amended by Section 1 of Act 625 of 1990, is further amended to read:
"Section 4. Subject to obtaining the approval of the State Board expressed by an adopted resolution, the trustees may issue not exceeding thirty million dollars of bonds, from time-to-time, plant improvement bonds which at no time may exceed thirty million dollars in principal amount outstanding."
SECTION 2. This act takes effect upon approval by the Governor.
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