H*3961 Session 106 (1985-1986)
H*3961(Rat #0594, Act #0610 of 1986) General Bill, By R.B. Brown and
J.W. McLeod
A Bill to amend Act 605 of 1984, as amended, relating to the millage to be
levied in Marion County, so as to provide for the millage for school purposes
for the fiscal year beginning July 1, 1986, and ending June 30, 1987; and to
authorize the Board of Trustees of School District No. 3 in Marion County to
borrow not exceeding two hundred thousand dollars for the purpose of
constructing, improving, and repairing school and school buildings in the
district and to provide for the method of payment of the loan and interest by
the Board.-amended title
05/28/86 House Introduced and read first time HJ-3458
05/28/86 House Referred to delegation from Marion HJ-3458
05/29/86 House Delegation report: Favorable with amendment
Marion HJ-3509
05/29/86 House Amended HJ-3509
05/29/86 House Read second time HJ-3511
05/30/86 House Read third time and sent to Senate HJ-3537
05/30/86 Senate Intd. & placed on loc. & uncontested cal. w/o
referenc SJ-3428
06/02/86 Senate Read second time SJ-3456
06/02/86 Senate Ordered to third reading with notice of
amendments SJ-3456
06/03/86 Senate Amended SJ-3514
06/03/86 Senate Read third time SJ-3518
06/03/86 Senate Returned SJ-3518
06/04/86 House Concurred in Senate amendment and enrolled HJ-3624
06/05/86 Ratified R 594
06/09/86 Signed By Governor
06/09/86 Effective date 06/09/86
06/09/86 Act No. 610
06/20/86 Copies available
(A610, R594, H3961)
AN ACT TO AMEND ACT 605 OF 1984, AS AMENDED, RELATING TO THE MILLAGE TO BE
LEVIED IN MARION COUNTY, SO AS TO PROVIDE FOR THE MILLAGE FOR SCHOOL PURPOSES FOR
THE FISCAL YEAR BEGINNING JULY 1, 1986, AND ENDING JUNE 30, 1987; AND TO
AUTHORIZE THE BOARD OF TRUSTEES OF SCHOOL DISTRICT NO. 3 IN MARION COUNTY TO
BORROW NOT EXCEEDING TWO HUNDRED THOUSAND DOLLARS FOR THE PURPOSE OF
CONSTRUCTING, IMPROVING, AND REPAIRING SCHOOLS AND SCHOOL BUILDINGS IN THE
DISTRICT AND TO PROVIDE FOR THE METHOD OF PAYMENT OF THE LOAN AND INTEREST BY THE
BOARD.
Be it enacted by the General Assembly of the State of South Carolina:
Millage for school purposes in Marion County
SECTION 1. Section 1 of Act 605 of 1984, as last amended by Act 283 of 1985, is
further amended to read:
"Section 1. There is levied in Marion County for school purposes for the
fiscal year beginning July 1, 1986, and ending June 30, 1987, the following
millage:
Marion District No. 1
Countywide millage for all schools 91
County Board 5
Marion-Mullins Vocational School 7
Millage for Lower Marion
District No. 3 2
Millage for Britton's Neck No. 4 2
107
Mullins District No. 2
Countywide millage for all schools 91
County Board 5
Marion-Mullins Vocational School 7
Millage for Lower Marion
District No. 3 2
Millage for Britton's Neck
District No. 4 2
107
Lower Marion District No. 3
Countywide millage for all schools 91
County Board 5
Marion-Mullins Vocational School 7
Millage for Lower Marion
District No. 3 2
Lower Marion millage for Lower
Marion No. 3 5
110
Britton's Neck District No. 4
Countywide millage for all schools 91
County Board 5
Marion-Mullins Vocational School 7
Millage for Britton's Neck No. 4 2
Britton's Neck millage for
Britton's Neck 15
120."
Millage for school purposes in Marion County
SECTION 2. Section 2 of Act 605 of 1984, as last amended by Act 283 of 1985, is
further amended to read:
"Section 2. The revenue must be collected by the treasurer, after which
he shall notify the clerk of the County Board of Education of the amount
collected each month, and the clerk shall apportion the money monthly as follows:
(1) The local support required by the State for each district shall receive
first obligation in order for the district to receive its state allocation and
be distributed as collected.
(2) The remainder of the ninety-one mills must be distributed equally to all
districts based on weighted pupil unit as collected.
(3) Five mills are collected for the County Board of Education and retained
for operation of the County Board of Education, attendance supervisor, and adult
education programs.
(4) Two mills from Districts 1, 2, and 3 must be collected and distributed by
the clerk of the County Board of Education to Lower Marion District No. 3, plus
five mills must be collected from Lower Marion District No. 3 and distributed as
collected.
(5) Two mills from Districts 1, 2, and 4 must be collected and distributed by
the County Board of Education to Britton's Neck District No. 4, plus fifteen
mills must be collected from Britton's Neck District No. 4 and distributed as
collected.
(6) The county auditor shall make the necessary adjustments in the millage for
all school districts to meet the local minimum effort requirements of the
Education Improvement Act."
School district, vocational school, budget
SECTION 3. Section 3 of Act 605 of 1984, as last amended by Act 283 of 1985, is
further amended to read:
"Section 3. Each school district and vocational school in Marion County
shall submit their budget requests to the County Board of Education no later than
March first of each year."
Trustees may borrow
SECTION 4. The Board of Trustees of School District No. 3 in Marion County may
borrow, not exceeding two hundred thousand dollars, for the purpose of
constructing, improving, or repairing schools and school buildings in Marion
School District No. 3 of Marion County. The loan must be secured by a note to
be executed by a majority of the board of trustees of the district and shall bear
the least interest available from a bank doing business in Marion County. The
note must be made payable at a date the board may determine, not to exceed twenty
years from the date of issuance.
Issuance of note
SECTION 5. Prior to the issuance of the note, notice must be given to all of the
banks in Marion County to permit them to purchase the note, if they desire.
Issuance of note
SECTION 6. The board of trustees may refinance any portion of the outstanding
indebtedness due on the note at any time and from time to time within the
twenty-year period by the issuance of new notes. The new notes shall mature not
later than twenty years from the date of the original issuance.
Loan repayment - tax levy
SECTION 7. In order to provide for the repayment of the loan and interest there
is levied an annual tax upon all of the taxable property of School District No.
3 sufficient to pay all interest and the note as they become due. The principal
and interest may be paid annually. When the loan is paid the tax levied for this
purpose shall cease. It is the duty of the auditor of Marion County to levy the
special tax annually on all of the taxable property of the school district and
the duty of the county treasurer to collect the tax levied as other taxes are
collected by law and to pay the principal and interest on the note as they become
due according to their terms. The full faith and credit and taxing power of
School District No. 3 are irrevocably pledged for the payment of the note and
interest.
Note payment
SECTION 8. The Board of Trustees of School District No. 3 shall give
consideration to applying to the payment of the amounts due on the note from time
to time so much of the funds as may be made available to School District No. 3
by the State Department of Education, or any other agency of the State of South
Carolina, after July 1, 1986. When the funds are applied to the payment of the
principal and interest any tax authorized to be levied in Sections 4 through 9
of this act must be reduced accordingly.
Money borrowed - deposited with treasurer
SECTION 9. The amount borrowed must be deposited with the county treasurer of
Marion County to the credit of Marion School District No. 3 to be expended upon
warrants or orders of the proper school officials for the purposes mentioned in
Sections 4 through 9 of this act.
Time effective
SECTION 10. This act shall take effect upon approval by the Governor. |