S 1244 General Bill, By Martin
Summary: Successor-in-interest
    A BILL TO AMEND SECTION 59-71-30 OF THE 1976 CODE, RELATING TO AUTHORITIES OF OPERATING SCHOOL UNITS AUTHORIZED TO ISSUE GENERAL OBLIGATION BONDS, TO PROVIDE THAT A SUCCESSOR-IN-INTEREST OF AN OPERATING SCHOOL UNIT INCURS THE DEBTS OF ITS PREDECESSOR-IN-INTEREST UPON THE SUCCESSOR-IN-INTEREST UNDERTAKING THE DUTIES OF ITS PREDECESSOR-IN-INTEREST SUBJECT TO ALL REQUIREMENTS FOR INCURRING GENERAL OBLIGATION DEBT.
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03/14/06	Senate	Introduced and read first time
03/14/06	Senate	Referred to Committee on Education SJ-17