S*0904(Rat #0233, Act #0198 of 2004)  General Bill, By Alexander

Similar(H 4612)
 AN ACT TO AMEND SECTION 59-119-940, CODE OF LAWS OF SOUTH CAROLINA, 1976,
 RELATING TO LIMITATIONS ON THE ISSUANCE OF ATHLETIC FACILITY REVENUE BONDS BY
 CLEMSON UNIVERSITY, SO AS TO INCREASE FROM FORTY MILLION DOLLARS TO SIXTY
 MILLION DOLLARS THE MAXIMUM AMOUNT OF THESE BONDS WHICH MAY BE OUTSTANDING AT
 ANY TIME. - ratified title

   02/03/04  Senate Introduced and read first time SJ-18
   02/03/04  Senate Referred to Committee on Finance SJ-18
   02/11/04  Senate Committee report: Favorable Finance SJ-37
   02/12/04  Senate Read second time SJ-16
   02/12/04  Senate Ordered to third reading with notice of
                     amendments SJ-16
   02/18/04  Senate Read third time and sent to House SJ-17
   02/19/04  House  Introduced and read first time HJ-14
   02/19/04  House  Referred to Committee on Ways and Means HJ-14
   04/01/04  House  Committee report: Favorable Ways and Means HJ-7
   04/13/04  House  Read second time HJ-26
   04/14/04  House  Read third time and enrolled HJ-23
   04/20/04         Ratified R 233
   04/26/04         Signed By Governor
   05/03/04         Copies available
   05/03/04         Effective date 04/26/04
   05/18/04         Act No. 198

(A198, R233, S904)

AN ACT TO AMEND SECTION 59-119-940, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO LIMITATIONS ON THE ISSUANCE OF ATHLETIC FACILITY REVENUE BONDS BY CLEMSON UNIVERSITY, SO AS TO INCREASE FROM FORTY MILLION DOLLARS TO SIXTY MILLION DOLLARS THE MAXIMUM AMOUNT OF THESE BONDS WHICH MAY BE OUTSTANDING AT ANY TIME.

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

Aggregate amount increased

SECTION    1.    Section 59-119-940 of the 1976 Code, as added by Act 144 of 1997, is amended to read:

"Section 59-119-940.    Upon receiving the approval of the state board and upon review by the Joint Bond Review Committee, the trustees may from time to time borrow such sums as necessary to accomplish the purpose of this article and to evidence such borrowings by bonds issued pursuant to this article in the aggregate principal amount as they determine, except that other provisions of this article to the contrary notwithstanding, there must not be outstanding at any time bonds issued pursuant to this article in the aggregate principal amount as they determine, except that other provisions of this article to the contrary notwithstanding, there must not be outstanding at any time bonds issued pursuant to this article in excess of sixty million dollars."

Time effective

SECTION    2.    This act takes effect upon approval by the Governor.

Ratified the 20th day of April, 2004.

Approved the 26th day of April, 2004.