South Carolina General Assembly
116th Session, 2005-2006

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Indicates Matter Stricken
Indicates New Matter

S. 59

STATUS INFORMATION

General Bill
Sponsors: Senators Ryberg, Thomas, Gregory, Fair, Mescher, Richardson, Ritchie and Bryant
Document Path: l:\council\bills\ggs\22787htc05.doc
Companion/Similar bill(s): 3036

Introduced in the Senate on January 11, 2005
Currently residing in the Senate Committee on Finance

Summary: TERI bill

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   12/8/2004  Senate  Prefiled
   12/8/2004  Senate  Referred to Committee on Finance
   1/11/2005  Senate  Introduced and read first time SJ-108
   1/11/2005  Senate  Referred to Committee on Finance SJ-108

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

12/8/2004

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

A BILL

TO CLOSE THE TEACHER AND EMPLOYEE RETENTION INCENTIVE (TERI) PROGRAM TO NEW PARTICIPANTS EFFECTIVE JULY 1, 2005, TO REPEAL EFFECTIVE JULY 1, 2010, ARTICLE 17, CHAPTER 1, TITLE 9, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE ESTABLISHMENT OF THE TERI PROGRAM, AND TO PROVIDE THAT THE PROVISIONS OF THIS ACT MAY NOT BE AMENDED OR REPEALED EXCEPT IN SEPARATE LEGISLATION RECEIVING AN AFFIRMATIVE TWO-THIRDS RECORDED VOTE IN EACH HOUSE OF THE GENERAL ASSEMBLY.

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

SECTION    1.    Notwithstanding the provisions of Section 9-1-2210(A) of the 1976 Code, the Teacher and Employee Retention Incentive (TERI) Program established pursuant to Section 9-1-2210 is closed to new participants effective July 1, 2005.

SECTION    2.    Article 17, Chapter 1, Title 9 of the 1976 Code is repealed effective July 1, 2010, for all purposes except the distribution of program accounts existing on that date.

SECTION    3.    The provisions of this act may not be amended or repealed except in separate legislation enacted solely for that purpose which received at least an affirmative two-thirds recorded vote of the total membership of each house of the General Assembly.

SECTION    4.    This act takes effect upon approval by the Governor.

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