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A79, R100, H3502

STATUS INFORMATION

General Bill
Sponsors: Reps. Murphy, Vick, Goldfinch, K.R. Crawford, Harrell, Horne, M.S. McLeod and Owens
Document Path: l:\council\bills\agm\19887ab13.docx

Introduced in the House on February 6, 2013
Introduced in the Senate on April 30, 2013
Last Amended on April 24, 2013
Passed by the General Assembly on June 5, 2013
Governor's Action: June 13, 2013, Signed

Summary: Citadel Board of Visitors

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
    2/6/2013  House   Introduced, read first time, placed on calendar without 
                        reference (House Journal-page 6)
    2/7/2013  House   Referred to Committee on Ways and Means 
                        (House Journal-page 33)
   4/18/2013  House   Committee report: Favorable with amendment Ways and 
                        Means (House Journal-page 23)
   4/24/2013  House   Amended (House Journal-page 153)
   4/24/2013  House   Read second time (House Journal-page 153)
   4/24/2013  House   Roll call Yeas-97  Nays-0 (House Journal-page 154)
   4/25/2013  House   Read third time and sent to Senate 
                        (House Journal-page 36)
   4/30/2013  Senate  Introduced and read first time (Senate Journal-page 7)
   4/30/2013  Senate  Referred to Committee on Education 
                        (Senate Journal-page 7)
   5/29/2013  Senate  Committee report: Favorable Education 
                        (Senate Journal-page 23)
    6/4/2013  Senate  Read second time (Senate Journal-page 81)
    6/4/2013  Senate  Roll call Ayes-43  Nays-0 (Senate Journal-page 81)
    6/5/2013  Senate  Read third time and enrolled (Senate Journal-page 14)
   6/11/2013          Ratified R 100
   6/13/2013          Signed By Governor
   6/20/2013          Effective date 06/13/13
   6/24/2013          Act No. 79

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

2/6/2013
2/6/2013-A
4/18/2013
4/24/2013
5/29/2013

(A79, R100, H3502)

AN ACT TO AMEND SECTION 59-121-55, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE TRANSFER OF FUNDS OR PROPERTY BY THE CITADEL BOARD OF VISITORS TO A NONPROFIT ELEEMOSYNARY CORPORATION ESTABLISHED BY THE BOARD AND KNOWN AS THE CITADEL FOUNDATION, SO AS TO REMOVE A LIMIT ON THE AMOUNT OF FUNDS AND PROPERTY THAT THE BOARD MAY TRANSFER TO THE CORPORATION, AND TO PROVIDE THE BOARD MAY TRANSFER FUNDS AND PROPERTY PRIVATELY DONATED TO THE COLLEGE, AND INCOME AND PROCEEDS DERIVED FROM THOSE FUNDS AND PROPERTY.

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

The Citadel Foundation, transfer of funds and property

SECTION    1.    Section 59-121-55(B) of the 1976 Code is amended to read:

"(B)    The Board of Visitors is further authorized to transfer funds and property privately donated to the college, and income or proceeds derived from these privately donated funds and property, that the board holds in its name or in the college's name for scholarship and other college support purposes to the nonprofit corporation formed pursuant to subsection (A). These funds, property, and income and proceeds derived from them, must be used by the nonprofit corporation for its stated purposes, except that any restrictions or limitations applicable to a specified portion of these funds or property continue to be applicable after the transfer of the funds, property, and income and proceeds derived from them, to the nonprofit corporation. Any encumbrances or liability on the funds, property, and income and proceeds derived from them so transferred must be assumed by the nonprofit corporation."

Time effective

SECTION    2.    This act takes effect upon approval by the Governor.

Ratified the 11th day of June, 2013.

Approved the 13th day of June, 2013.

This web page was last updated on Friday, August 16, 2013 at 12:15 P.M.