S 386 Session 109 (1991-1992)
S 0386 General Bill, By I.E. Lourie, Giese, Passailaigue and Washington
A Bill to amend Act 1377 of 1968, as last amended by Act 189 of 1989, relating
to the issuance of capital improvement bonds, so as to authorize the issuance
of additional bonds, for the Commission on Aging; to amend Section Four of Act
1377 of 1968, as last amended by Section Four of Act 638 of 1988, by
increasing the limitation on the maximum aggregate principal indebtedness of
the State; and to amend Section 12-21-3440(B) of the 1976 Code, relating to
bingo taxes, so as to temporarily increase the tax.
12/10/90 Senate Prefiled
12/10/90 Senate Referred to Committee on Finance
01/08/91 Senate Introduced and read first time SJ-128
01/08/91 Senate Referred to Committee on Finance SJ-128
A BILL
TO AMEND ACT 1377 OF 1968, AS LAST AMENDED BY
ACT 189 OF 1989, RELATING TO THE ISSUANCE OF
CAPITAL IMPROVEMENT BONDS, SO AS TO
AUTHORIZE THE ISSUANCE OF ADDITIONAL BONDS,
FOR THE COMMISSION ON AGING; TO AMEND
SECTION FOUR OF ACT 1377 OF 1968, AS LAST
AMENDED BY SECTION FOUR OF ACT 638 OF 1988, BY
INCREASING THE LIMITATION ON THE MAXIMUM
AGGREGATE PRINCIPAL INDEBTEDNESS OF THE
STATE; AND TO AMEND SECTION 12-21-3440(B) OF
THE 1976 CODE, RELATING TO BINGO TAXES, SO AS
TO TEMPORARILY INCREASE THE TAX.
Be it enacted by the General Assembly of the State of South
Carolina:
SECTION 1. Item (f) of Section 3 of Act 1377 of 1968, as last
amended by Section 30, Part II, Act 189 of 1989, is further
amended by adding:
"Commission on Aging
(a) Repairs to existing multi-
purpose senior citizen
centers, satellite
centers, and nutrition
sites $511,900
(b) Construct ten multi-
purpose senior citizen
centers in counties
without centers 3,557,200
(c) Construct additions to
facilities to provide
additional space 641,025
(d) Construct ten satellite
centers in eight counties 1,841,000
(e) Construct seven replace-
ment senior centers 2,206,000
Total, Commission on Aging $8,757,125
The funds authorized in this subitem are for the projects
identified in the Senior Citizens Center Survey published by the
Commission on Aging in October, 1989, and updated August,
1990. The commission must receive Joint Bond Review
Committee review and Budget and Control Board approval for
each individual project, including the amount of funds required
to complete the project. Without regard to a specific project,
twenty-five percent of the total amount authorized in this item
must begin to be funded in the groups to be released July 1,
1991, and January 1, 1992.
TOTAL, ALL AGENCIES $8,757,125"
SECTION 2. Section 4 of Act 1377 of 1968, as last amended
by Act 638 of 1988, is further amended to read:
"Section 4. The aggregate principal indebtedness on
account of bonds issued pursuant to this act may not exceed
$1,445,782,506.29 $1,514,539,631.10. The
limitation imposed by the provisions of this section does not
apply to bonds issued on behalf of the Mental Health
Commission as provided in Act 151 of 1983 and Acts
1272 and 1276 of 1970, as amended, or to bonds
issued on behalf of the Commission on Mental Retardation as
provided in Act 1087 of 1970 Article 7, Chapter 21,
Title 44 of the 1976 Code. The limitation imposed by the
provisions of this section is not considered to be an obligation
of the contract made between the State and holders of bonds
issued pursuant to this act, and the limitation imposed by the
provisions of this section may be enlarged by acts amending it
or reduced by the application of the Capital Reserve Fund or by
amendments of this act. Within these limitations state capital
improvement bonds may be issued under the conditions
prescribed by this act."
SECTION 3. Section 12-21-3440(B) of the 1976 Code is
amended to read:
"(B). The following are bingo taxes required
according to the class of license:
(1) CLASS AA: The holder of a Class AA bingo
license shall remit a bingo tax of eight nine
dollars for each bingo player a session.
(2) CLASS B: The holder of a Class B bingo license
shall remit a bingo tax of two dollars and fifty cents
for each bingo player a session.
(3) CLASS C: No bingo tax may be assessed or
collected from a Class C licensee.
(4) CLASS D: The holder of a Class D bingo license
shall remit a bingo tax of four percent of gross proceeds.
(5) CLASS E: The holder of a Class E bingo license
shall remit a bingo tax of four percent of gross proceeds.
One dollar from each Class AA license and fifty cents
from each Class B license must be deposited in the General
Fund of the State, to be used for partial payment of principal
and interest payments for Capital Improvement Bond issues.
From and after fiscal year 2006, the fee for a Class AA license
must be eight dollars and the fee for a Class B license must be
two dollars."
SECTION 4. This act takes effect upon approval by the
Governor, except that Section 3 shall take effect July 1, 1991.
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