South Carolina General Assembly
121st Session, 2015-2016

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H. 4460

STATUS INFORMATION

General Bill
Sponsors: Rep. Jefferson
Document Path: l:\council\bills\agm\18815ab16.docx

Introduced in the House on January 12, 2016
Currently residing in the House Committee on Education and Public Works

Summary: Children's Education Endowment Fund

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   12/3/2015  House   Prefiled
   12/3/2015  House   Referred to Committee on Education and Public Works
   1/12/2016  House   Introduced and read first time (House Journal-page 71)
   1/12/2016  House   Referred to Committee on Education and Public Works 
                        (House Journal-page 71)

View the latest legislative information at the website

VERSIONS OF THIS BILL

12/3/2015

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

A BILL

TO AMEND SECTION 59-143-10, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO CHILDREN'S EDUCATION ENDOWMENT, SO AS TO SPECIFY THE AMOUNT OF A GRANT MADE BY THE TUITION GRANTS COMMISSION.

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

SECTION    1.    Section 59-143-10(C) of the 1976 Code, as last amended by Act 353 of 2008, is further amended to read:

"(C)    Funds made available for Need-based Grants and Palmetto Fellows Scholarships through the Higher Education Scholarship Grants allocation must be no more than the prior year's earned revenue and must be released for use on July first and January first of each fiscal year. A grant may be in any amount up to and including three thousand two hundred dollars. Notwithstanding the provisions of this section, any unspent balance in the Higher Education Scholarship Grants allocation of the Children's Education Endowment Fund, including interest and low-level radioactive waste tax revenue from previous years' collections, may be made available for Need-based Grants and Palmetto Fellows Scholarships."

SECTION    2.    This act takes effect July 1, 2016.

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This web page was last updated on January 13, 2016 at 1:51 PM