H*4974(Rat #0486, Act #0423)  Joint Resolution, By Boan and J.H. Hodges
 A Joint Resolution to amend Section 56-3-2320, as amended, Code of Laws of
 South Carolina, 1976, relating to dealer and wholesaler motor vehicle license
 plates, so as to authorize the use of a dealer plate on a motor vehicle lent
 by the dealer to a public or private school for a driver education program and
 provide for the conditions under which a dealer plate for this purpose may be
 obtained and used, to provide for the use of funds derived from the Prudential
 Bache settlement, including amounts which may be retained by the Secretary of
 State and appropriations for investor restitution, the Administrative Law
 Judge Division, and the Division of General Services of the State Budget and
 Control Board, to allow funds appropriated for the Administrative Law Judge
 Division to be carried forward into the succeeding fiscal year, and to
 authorize the State Department of Education to transfer Education Finance Act
 funds to cover operating expenses of school bus shops with any unexpended
 funds further transferred to the school building fund after the close of
 fiscal year 1993-94.-amended title

   03/24/94  House  Introduced, read first time, placed on calendar
                     without reference HJ-6
   04/06/94  House  Debate adjourned until Thursday, April 7, 1994 HJ-46
   04/12/94  House  Amended HJ-328
   04/12/94  House  Read second time HJ-328
   04/13/94  House  Read third time and sent to Senate HJ-25
   04/14/94  Senate Introduced and read first time SJ-17
   04/14/94  Senate Referred to Committee on Finance SJ-17
   04/21/94  Senate Recalled from Committee on Finance SJ-8
   04/27/94  Senate Read second time SJ-46
   04/27/94  Senate Ordered to third reading with notice of
                     amendments SJ-46
   05/10/94  Senate Amended SJ-6
   05/10/94  Senate Read third time and returned to House with
                     amendments SJ-7
   05/11/94  House  Concurred in Senate amendment and enrolled HJ-63
   05/19/94         Ratified R 486
   05/24/94         Signed By Governor
   06/09/94         Effective date 05/24/94
   06/09/94         Copies available

A JOINT RESOLUTION TO AMEND SECTION 56-3-2320, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEALER AND WHOLESALER MOTOR VEHICLE LICENSE PLATES, SO AS TO AUTHORIZE THE USE OF A DEALER PLATE ON A MOTOR VEHICLE LENT BY THE DEALER TO A PUBLIC OR PRIVATE SCHOOL FOR A DRIVER EDUCATION PROGRAM AND PROVIDE FOR THE CONDITIONS UNDER WHICH A DEALER PLATE FOR THIS PURPOSE MAY BE OBTAINED AND USED, TO PROVIDE FOR THE USE OF FUNDS DERIVED FROM THE PRUDENTIAL BACHE SETTLEMENT, INCLUDING AMOUNTS WHICH MAY BE RETAINED BY THE SECRETARY OF STATE AND APPROPRIATIONS FOR INVESTOR RESTITUTION, THE ADMINISTRATIVE LAW JUDGE DIVISION, AND THE DIVISION OF GENERAL SERVICES OF THE STATE BUDGET AND CONTROL BOARD, TO ALLOW FUNDS APPROPRIATED FOR THE ADMINISTRATIVE LAW JUDGE DIVISION TO BE CARRIED FORWARD INTO THE SUCCEEDING FISCAL YEAR, AND TO AUTHORIZE THE STATE DEPARTMENT OF EDUCATION TO TRANSFER EDUCATION FINANCE ACT FUNDS TO COVER OPERATING EXPENSES OF SCHOOL BUS SHOPS WITH ANY UNEXPENDED FUNDS FURTHER TRANSFERRED TO THE SCHOOL BUILDING FUND AFTER THE CLOSE OF FISCAL YEAR 1993-94.

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

Funds retained and appropriated

SECTION 1. Of $647,715 collected by the Office of the Secretary of State in fiscal year 1993-94 from the settlement of the Prudential Bache litigation, the Office of the Secretary of State may retain an amount not exceeding $324,201 to retire installment purchase program debt incurred for office automation. An amount equal to $197,545 from this sum is appropriated for the Administrative Law Judge Division for fiscal year 1993-94. An amount equal to $119,439.37 from this sum is appropriated for restitution to investors in Prudential Bache products covered by the settlement. The remaining balance from this sum is appropriated to the Division of General Services of the State Budget and Control Board for the State House renovations project.

Carry forward

SECTION 2. Unexpended amounts appropriated pursuant to Section 1 of this joint resolution for the Administrative Law Judge Division may be carried forward to fiscal year 1994-95.

Funds transferred

SECTION 3. The State Department of Education may transfer an amount not to exceed five hundred thousand dollars appropriated in the general appropriations act for fiscal year 1993-94 to fund the Education Finance Act to cover operating expenses of school bus shops obligated and paid during fiscal year 1993-94. Immediately after closing the financial records for fiscal year 1993-94, the Department of Education must transfer all unexpended funds transferred for school bus maintenance from the Education Finance Act to the School Building Fund.

Dealer license plates

SECTION 4. Section 56-3-2320(A) of the 1976 Code, as last amended by Section 1388, Act 181 of 1993 and Section 105B, Part II, Act 164 of 1993, is further amended by inserting before the last unnumbered paragraph:

"A dealer license plate is allowed on a motor vehicle which the dealer lends to a public or private school for use in a driver education program. A plate used for this purpose may be obtained without fee and without regard to the limit on plates issued pursuant to this section. When the motor vehicle is no longer used for driver education, the dealer shall surrender the plate to the department."

Time effective

SECTION 5. This joint resolution takes effect upon approval by the Governor.

Approved the 24th day of May, 1994.