H 3169 Session 110 (1993-1994)
H 3169 Joint Resolution, By Kirsh
A Joint Resolution proposing an amendment to Article X, Section 14,
Constitution of South Carolina, 1895, relating to the bonded indebtedness of
political subdivisions, so as to increase the general obligation debt limit
from eight to twelve percent of the assessed value of all taxable property of
political subdivisions.
01/19/93 House Introduced and read first time HJ-30
01/19/93 House Referred to Committee on Ways and Means HJ-30
A JOINT RESOLUTION
PROPOSING AN AMENDMENT TO ARTICLE X, SECTION 14,
CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING TO
THE BONDED INDEBTEDNESS OF POLITICAL SUBDIVISIONS,
SO AS TO INCREASE THE GENERAL OBLIGATION DEBT
LIMIT FROM EIGHT TO TWELVE PERCENT OF THE
ASSESSED VALUE OF ALL TAXABLE PROPERTY OF
POLITICAL SUBDIVISIONS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. It is proposed that Section 14(7)(a), Article X, of the
Constitution of this State be amended to read:
"(a) For any of its corporate purposes in an amount not
exceeding eight twelve percent of the assessed value
of all taxable property of such the political
subdivision; or".
SECTION 2. The proposed amendment must be submitted to the
qualified electors at the next general election for representatives.
Ballots must be provided at the various voting precincts with the
following words printed or written on the ballot:
"Must Section 14(7)(a), Article X of the Constitution of this
State be amended so as to increase the general obligation debt limit
from eight to twelve percent of the assessed value of all taxable
property of a political subdivision?
Yes []
No []
Those voting in favor of the question shall deposit a ballot with a
check or cross mark in the square after the word 'Yes', and those
voting against the question shall deposit a ballot with a check or cross
mark in the square after the word 'No'."
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