H*3623(Rat #0420, Act #0546 of 1986)  Joint Resolution, By 
 House Ways and Means
 A Joint Resolution to amend Act 194 of 1979, relating to State Capital
 Improvement Bonds, so as to provide that the Board of Trustees of Winthrop
 College may provide a written policy for paid admissions to athletic
 facilities if it does not impair the college's annual debt service obligation.

   03/10/86  House  Introduced, read first time, placed on calendar
                     without reference HJ-1360
   03/11/86  House  Read second time HJ-1393
   03/12/86  House  Read third time and sent to Senate HJ-1551
   03/18/86  Senate Introduced and read first time SJ-1057
   03/18/86  Senate Referred to Committee on Finance SJ-1057
   03/27/86  Senate Recalled from Committee on Finance SJ-1335
   04/03/86  Senate Read second time SJ-1436
   04/03/86  Senate Ordered to third reading with notice of
                     amendments SJ-1436
   04/09/86  Senate Read third time and enrolled SJ-1503
   04/15/86         Ratified R 420
   04/21/86         Signed By Governor
   04/21/86         Effective date 04/21/86
   04/21/86         Act No. 546
   04/28/86         Copies available

A JOINT RESOLUTION TO AMEND ACT 194 OF 1979, RELATING TO STATE CAPITAL IMPROVEMENT BONDS, SO AS TO PROVIDE THAT THE BOARD OF TRUSTEES OF WINTHROP COLLEGE MAY PROVIDE A WRITTEN POLICY FOR PAID ADMISSIONS TO ATHLETIC FACILITIES IF IT DOES NOT IMPAIR THE COLLEGE'S ANNUAL DEBT SERVICE OBLIGATION.

Whereas, ambiguity exists as to the intention of the General Assembly in the enactment of Section 11 of Part I of Act 194 of 1979; and

Whereas, it remains clear that the Board of Trustees of Winthrop College is the proper body to determine the circumstances under which an admissions fee is levied on paid admissions to the athletic facilities authorized by subitem 10 of item (f) of Section 3 of Act 1377 of 1968, as added by Section 1 of Part I of Act 194 of 1979; and

Whereas, it is necessary to clarify Section 11 of Part I of Act 194 of 1979. Now, therefore,

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

College may provide written policy

SECTION 1. Section 11 of Part I of Act 194 of 1979 is amended to read:

"Section 11. Prior to the issuance of the six million six hundred twenty thousand dollars authorized in subitem 10 of Section 1 of this act for Athletic Facilities--Construction and Equipment, Winthrop College shall execute a note to the State of South Carolina for all necessary funds in excess of three million five hundred thousand dollars. The note shall have a maturity schedule which shall not exceed forty years and shall not exceed three million one hundred twenty thousand dollars and shall bear such interest as may be determined by the Budget and Control Board.

To insure payment of this note, the Board of Trustees of Winthrop College may provide a written policy for paid admissions to Winthrop College's athletic facilities so long as it does not impair the college's annual debt service obligation."

Time effective

SECTION 2. This act shall take effect upon approval by the Governor.