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A68, R137, S258
Sponsors: Senators Gregory, Ryberg, Hayes, Courson, Peeler, Branton and Reese
Document Path: l:\s-res\ckg\001fina.spl.doc
Introduced in the Senate on January 22, 2003
Introduced in the House on March 26, 2003
Last Amended on June 5, 2003
Passed by the General Assembly on June 5, 2003
Governor's Action: June 25, 2003, Signed
Summary: School curriculum, public high schools; personal finance class required
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 1/22/2003 Senate Introduced and read first time SJ-13 1/22/2003 Senate Referred to Committee on Education SJ-13 3/19/2003 Senate Committee report: Favorable Education SJ-16 3/20/2003 Senate Read second time SJ-4 3/20/2003 Senate Ordered to third reading with notice of amendments SJ-4 3/25/2003 Senate Read third time and sent to House SJ-6 3/26/2003 House Introduced and read first time HJ-6 3/26/2003 House Referred to Committee on Education and Public Works HJ-6 5/27/2003 House Recalled from Committee on Education and Public Works HJ-332 5/29/2003 House Requests for debate-Rep(s). Sheheen, GM Smith, Loftis, Scarborough, Martin, Townsend, Toole, Gilham, JM Neal, Merrill, Hosey, Owens, Coates, Stille, Weeks, Hinson and Pinson HJ-16 6/3/2003 House Amended HJ-121 6/3/2003 House Read second time HJ-125 6/3/2003 House Roll call Yeas-108 Nays-4 HJ-125 6/4/2003 House Read third time and returned to Senate with amendments HJ-60 6/5/2003 Senate House amendment amended SJ-117 6/5/2003 Senate Returned to House with amendments SJ-117 6/5/2003 House Concurred in Senate amendment and enrolled HJ-210 6/5/2003 Ratified R 137 6/25/2003 Signed By Governor 7/1/2003 Copies available 7/1/2003 Effective date 06/25/03 7/2/2003 Act No. 68
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VERSIONS OF THIS BILL
(A68, R137, S258)
AN ACT TO AMEND CHAPTER 29, TITLE 59, CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 59-29-165 SO AS TO REQUIRE HIGH SCHOOL STUDENTS TO RECEIVE INSTRUCTION IN THE AREA OF PERSONAL FINANCE AND TO PROVIDE FOR THE USE OF FEDERAL FUNDS MADE AVAILABLE TO THIS STATE PURSUANT TO THE JOBS AND GROWTH RECONCILIATION ACT OF 2003.
Be it enacted by the General Assembly of the State of South Carolina:
Instruction in personal finance
SECTION 1. Chapter 29, Title 59 of the 1976 Code is amended by adding:
"Section 59-29-165. All students attending a high school in this State that is sustained or in any manner supported by public funds must receive instruction in the area of personal finance. The State Department of Education will assist the school districts in identifying suitable materials for instruction."
Use of federal funds
SECTION 2. The following is authorized for July 1, 2003, through June 30, 2005, from the federal funds received by the State pursuant to the provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003: (1) to the Department of Health and Human Services for Medicaid services - $127,437,026; (2) to the State Department of Education for the Education Finance Act - $20,642,486; (3) of any remaining funds received, the first $44,600,000 shall be transferred to the State Department of Education for the Education Finance Act to be used as a one-time supplement. The State Department of Education may not expend any portion of the $44,600,000 amount until the funds are transferred to the department. It is the intent of the General Assembly that any funds remaining after the above three provisions have been satisfied shall be transferred to the Department of Health and Human Services for the state's Medicaid program. Any unexpended funds provided pursuant to this section must be carried forward to succeeding fiscal years and used for the same purposes.
SECTION 3. This act takes effect upon approval by the Governor.
Ratified the 5th day of June, 2003.
Approved the 25th day of June, 2003.
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