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Indicates Matter Stricken
Indicates New Matter
June 3, 2003
Introduced by Senators Gregory, Ryberg, Hayes, Courson, Peeler, Branton and Reese
S. Printed 6/3/03--H.
Read the first time March 26, 2003.
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.
Amend Title To Conform
Be it enacted by the General Assembly of the State of South Carolina:
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 may receive instruction in the area of personal finance and Education finance act Base Student Cost funds must be used for this purpose. The State Department of Education will assist the school districts in identifying suitable materials for instruction."
SECTION 2. Of the federal funds received by this State pursuant to the provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003, Temporary State Fiscal Relief-Government Services, $44,600,000, must be transferred to the State Department of Education for the Education Finance Act for use during State fiscal year 2003-2004. Unexpended funds provided pursuant to the provisions of 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.
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