Senator Martin proposes the following amendment (SR-62.CEM0043S):

Amend the bill, as and if amended, SECTION 3, by striking Section 59-8-120(A)(1) and inserting:

(1) There is established at the department, the "South Carolina Education Scholarship Trust Fund" that is separate and distinct from the general fund, consisting of monies appropriated to the department to provide scholarships to eligible students for qualifying expenses. The fund must receive and hold all monies allocated for it as well as all earnings until disbursed as provided in this section. South Carolina EducationIf the South Carolina Education Scholarship Trust Fund program ceases for any reason, then the money in the fund shall revert to the general fund to be appropriated be directed to an educational purpose designated by the General Assembly.

Amend the bill further, by adding an appropriately numbered SECTION to read:

SECTION X. Section 59-150-350 of the S.C. Code is amended by adding:

 (G) Monies raised from ticket sales in this fund, must first be used to fund the programs provided for in Subsection (D), only after those programs have been fully funded for the year may any balance of monies leftover be added to general fund to provide for the K-12 scholarships

Renumber sections to conform.

Amend title to conform.