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Session 114 - (2001-2002)Printer Friendly
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S*0131 (Rat #0396, Act #0367 of 2002) Joint Resolution, By Leatherman and Drummond
Summary: Public pension plans, to provide for investment of funds in foreign corporations; to provide for separate pension plan for firefighters; Constitutional Amendment
    A JOINT RESOLUTION PROPOSING AN AMENDMENT TO SECTION 16, ARTICLE X OF THE CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING TO BENEFITS AND FUNDING OF PUBLIC EMPLOYEE PENSION PLANS IN THIS STATE AND INVESTMENTS ALLOWED FOR FUNDS OF THE VARIOUS STATE-OPERATED RETIREMENT SYSTEMS, SO AS TO DELETE THE RESTRICTIONS LIMITING SUCH INVESTMENTS TO AMERICAN-BASED CORPORATIONS REGISTERED ON AN AMERICAN NATIONAL EXCHANGE AS PROVIDED IN THE SECURITIES EXCHANGE ACT OF 1934 OR QUOTED THROUGH THE NATIONAL ASSOCIATION OF SECURITIES DEALERS AUTOMATIC QUOTATION SYSTEM; AND PROPOSING AN AMENDMENT TO SECTION 11, ARTICLE X OF THE CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING TO RESTRICTIONS ON THE PLEDGING OF THE CREDIT OF THE STATE AND POLITICAL SUBDIVISIONS OF THE STATE, SO AS TO PROVIDE FOR INVESTMENT OF FUNDS IN A SEPARATE PENSION PLAN FOR FIREFIGHTERS OFFERED BY A MUNICIPALITY, COUNTY, SPECIAL PURPOSE DISTRICT, OR PUBLIC SERVICE DISTRICT.-amended title
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01/11/01Senate Introduced and read first time SJ-15
01/11/01Senate Referred to Committee on Finance SJ-15
05/31/01Senate Committee report: Favorable Finance SJ-11
06/04/01Senate Read second time SJ-23
03/07/02Senate Special order SJ-33
03/12/02Senate Debate interrupted SJ-26
03/13/02Senate Amended SJ-15
03/13/02Senate Read third time and sent to House SJ-15
03/19/02House Introduced and read first time HJ-9
03/19/02House Referred to Committee on Ways and Means HJ-10
05/02/02House Committee report: Favorable Ways and Means HJ-3
05/08/02House Amended HJ-21
05/08/02House Requests for debate-Rep(s). Bales, Scott, Ott, Rivers, Lloyd, Rutherford, JH Neal, Harrell, Jennings, Riser, Cooper, Kelley, Altman, JR Smith, Merrill, Hinson, Howard, Moody-Lawrence and White HJ-23
05/08/02House Read second time HJ-64
05/08/02House Roll call Yeas-90 Nays-0 HJ-68
05/09/02House Read third time and returned to Senate with amendments HJ-37
05/15/02Senate Non-concurrence in House amendment SJ-21
05/16/02House House insists upon amendment and conference committee appointed Reps. Cooper, Kirsh and Rice HJ-2
05/21/02Senate Conference committee appointed Sens. Setzler, Thomas, Ryberg SJ-9
05/23/02House Conference report received and adopted HJ-59
05/23/02Senate Conference report received and adopted SJ-11
05/23/02Senate Ordered enrolled for ratification SJ-11
05/30/02 Ratified R 396
05/30/02 No signature required
07/03/02 Copies available
10/11/02 Act No. 367



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