South Carolina General Assembly
118th Session, 2009-2010

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Indicates Matter Stricken
Indicates New Matter

H. 4887

STATUS INFORMATION

Joint Resolution
Sponsors: Rep. Stavrinakis
Document Path: l:\council\bills\bbm\9732htc10.docx

Introduced in the House on April 22, 2010
Introduced in the Senate on April 29, 2010
Currently residing in the Senate

Summary: Charleston County School District

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   4/22/2010  House   Introduced, read first time, placed on calendar without 
                        reference HJ-42
   4/27/2010  House   Read second time HJ-34
   4/27/2010          Scrivener's error corrected
   4/28/2010  House   Read third time and sent to Senate HJ-23
   4/29/2010  Senate  Introduced, read first time, placed on local & 
                        uncontested calendar SJ-19

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

4/22/2010
4/22/2010-A
4/27/2010
4/29/2010

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

INTRODUCED

April 29, 2010

H. 4887

Introduced by Rep. Stavrinakis

L. Printed 4/29/10--S.

Read the first time April 29, 2010.

            

A JOINT RESOLUTION

TO PROVIDE THAT THE SCHOOL DISTRICT OF CHARLESTON COUNTY FOR FISCAL YEARS 2010-2011 AND 2011-2012 MAY EXPEND FUNDS GENERATED FROM A GENERAL OBLIGATION DEBT BOND ISSUED FOR SCHOOL OPERATING PURPOSES, IN ORDER TO DEAL WITH A SHORTAGE OF SCHOOL OPERATING FUNDS, IF PERMITTED BY THE FEDERAL LAW APPLICABLE TO THE PARTICULAR TYPES OF BONDS ISSUED AND IF IT DOES NOT VIOLATE ANY PROVISIONS OF THE BOND INDENTURE APPLICABLE TO THE ISSUANCE AND SALE OF THOSE BONDS.

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

SECTION    1.    The School District of Charleston County for Fiscal Years 2010-2011 and 2011-2012, in the event of a shortfall in school operating funds, may expend funds generated from a general obligation debt bond issue for school operating purposes, if permitted by the federal law applicable to the particular types of bonds issued and if it does not violate any provisions of the bond indenture applicable to the issuance and sale of those bonds.

SECTION    2.    This joint resolution takes effect upon approval by the Governor.

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This web page was last updated on May 3, 2010 at 10:15 AM