Download This Bill in Microsoft Word format
Indicates Matter Stricken
Indicates New Matter
S. 242
STATUS INFORMATION
General Bill
Sponsors: Senators Ryberg, L. Martin, Bryant, Fair, Knotts, Davis, O'Dell, Bright and Verdin
Document Path: l:\s-res\wgr\006teri.dag.wgr.docx
Companion/Similar bill(s): 3009
Introduced in the Senate on January 13, 2009
Currently residing in the Senate Committee on Finance
Summary: TERI Program
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
-------------------------------------------------------------------------------
1/13/2009 Senate Introduced and read first time SJ-193
1/13/2009 Senate Referred to Committee on Finance SJ-193
1/14/2009 Senate Referred to Subcommittee: Alexander (ch), Setzler,
Ryberg, Verdin, Leventis, Jackson
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO CLOSE THE TEACHER AND EMPLOYEE RETENTION INCENTIVE (TERI) PROGRAM TO NEW PARTICIPANTS EFFECTIVE JULY 1, 2009; TO REPEAL ARTICLE 17, CHAPTER 1, TITLE 9 OF THE 1976 CODE, RELATING TO THE ESTABLISHMENT OF THE TERI PROGRAM; AND TO PROVIDE THAT THE PROVISIONS OF THIS ACT MAY NOT BE AMENDED OR REPEALED EXCEPT IN SEPARATE LEGISLATION RECEIVING AN AFFIRMATIVE TWO-THIRDS RECORDED VOTE IN EACH HOUSE OF THE GENERAL ASSEMBLY.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, 2009.
SECTION 2. Article 17, Chapter 1, Title 9 of the 1976 Code is repealed effective July 1, 2012, for all purposes except the distribution of program accounts existing on that date.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 The provisions of this act may not be amended or repealed except in separate legislation enacted solely for that purpose which received at least an affirmative two-thirds recorded vote of the total membership of each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.
This web page was last updated on May 8, 2009 at 11:45 AM