South Carolina General Assembly
118th Session, 2009-2010

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A2, R21, H3664

STATUS INFORMATION

General Bill
Sponsors: Rep. Merrill
Document Path: l:\council\bills\dka\3226dw09.docx
Companion/Similar bill(s): 594

Introduced in the House on March 4, 2009
Introduced in the Senate on March 25, 2009
Passed by the General Assembly on April 1, 2009
Became law without Governor's signature, April 9, 2009

Summary: Higher Education Revenue Bond Act

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
    3/4/2009  House   Introduced, read first time, placed on calendar without 
                        reference HJ-70
   3/24/2009  House   Read second time HJ-32
   3/25/2009  House   Read third time and sent to Senate HJ-24
   3/25/2009  Senate  Introduced and read first time SJ-12
   3/25/2009  Senate  Referred to Committee on Finance SJ-12
   3/26/2009  Senate  Recalled from Committee on Finance SJ-2
   3/31/2009  Senate  Read second time SJ-22
    4/1/2009  Senate  Read third time and enrolled SJ-18
    4/2/2009          Ratified R 21
    4/9/2009          Became law without Governor's signature
   4/14/2009          Effective date 04/09/09
   4/17/2009          Act No. 2

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

3/4/2009
3/4/2009-A
3/26/2009


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

(A2, R21, H3664)

AN ACT TO AMEND SECTION 59-147-30, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE ISSUANCE OF REVENUE BONDS UNDER THE PROVISIONS OF THE HIGHER EDUCATION REVENUE BOND ACT, SO AS TO CLARIFY THOSE ELIGIBLE FACILITIES WHICH MAY BE FINANCED UNDER THE ACT; AND TO REPEAL SECTION 59-147-120 RELATING TO LIMITATIONS ON THE ISSUANCE OF CERTAIN REVENUE BONDS.

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

Eligible facilities, financing of

SECTION    1.    Section 59-147-30 of the 1976 Code is amended to read:

"Section 59-147-30.    Subject to the approval of the State Budget and Control Board by resolution duly adopted, the university may issue revenue bonds of the university for the purpose of financing or refinancing in whole or in part the cost of acquisition, construction, reconstruction, renovation and improvement of land, buildings, and other improvements to real property and equipment for the purpose of providing facilities serving the needs of the university including, but not limited to:

(1)    dormitories, apartment buildings, dwelling houses, bookstores and other university operated stores, laundries, dining halls, cafeterias, parking facilities, student recreational, entertainment and fitness related facilities, inns, conference and other nondegree educational facilities and similar auxiliary facilities of the university and any other facilities which are auxiliary to any of the foregoing excluding, however, athletic department projects which primarily serve varsity athletic teams of the university; and

(2)    those academic facilities as may be authorized by joint resolution of the General Assembly."

Repeal

SECTION    2.    Section 59-147-120 of the 1976 Code is repealed.

Time effective

SECTION    3.    This act takes effect upon approval by the Governor.

Ratified the 2nd day of April, 2009.

Became law without the signature of the Governor -- 4/9/09.

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This web page was last updated on Wednesday, February 3, 2010 at 2:12 P.M.