S*0258(Rat #0137, Act #0068 of 2003)  General Bill, By Gregory, Ryberg, Hayes, 
Courson, Peeler, Branton and Reese
 AN ACT TO AMEND CHAPTER 29, TITLE 59, CODE OF LAWS OF SOUTH CAROLINA, 1976, BY
 ADDING SECTION 59-29-165 SO AS TO REQUIRE HIGH SCHOOL STUDENTS TO RECEIVE
 INSTRUCTION IN THE AREA OF PERSONAL FINANCE AND TO PROVIDE FOR THE USE OF
 FEDERAL FUNDS MADE AVAILABLE TO THIS STATE PURSUANT TO THE JOBS AND GROWTH
 RECONCILIATION ACT OF 2003. - ratified title

   01/22/03  Senate Introduced and read first time SJ-13
   01/22/03  Senate Referred to Committee on Education SJ-13
   03/19/03  Senate Committee report: Favorable Education SJ-16
   03/20/03  Senate Read second time SJ-4
   03/20/03  Senate Ordered to third reading with notice of amendments SJ-4
   03/25/03  Senate Read third time and sent to House SJ-6
   03/26/03  House  Introduced and read first time HJ-6
   03/26/03  House  Referred to Committee on Education and Public
                     Works HJ-6
   05/27/03  House  Recalled from Committee on Education and Public
                     Works HJ-332
   05/29/03  House  Requests for debate-Rep(s). Sheheen, GM Smith,
                     Loftis, Scarborough, Martin, Townsend, Toole,
                     Gilham, JM Neal, Merrill, Hosey, Owens, Coates,
                     Stille, Weeks, Hinson and Pinson HJ-16
   06/03/03  House  Amended HJ-121
   06/03/03  House  Read second time HJ-125
   06/03/03  House  Roll call Yeas-108  Nays-4 HJ-125
   06/04/03  House  Read third time and returned to Senate with
                     amendments HJ-60
   06/05/03  Senate House amendment amended SJ-117
   06/05/03  Senate Returned to House with amendments SJ-117
   06/05/03  House  Concurred in Senate amendment and enrolled HJ-210
   06/05/03         Ratified R 137
   06/25/03         Signed By Governor
   07/01/03         Copies available
   07/01/03         Effective date 06/25/03
   07/02/03         Act No. 68

(A68, R137, S258)

AN ACT TO AMEND CHAPTER 29, TITLE 59, CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 59-29-165 SO AS TO REQUIRE HIGH SCHOOL STUDENTS TO RECEIVE INSTRUCTION IN THE AREA OF PERSONAL FINANCE AND TO PROVIDE FOR THE USE OF FEDERAL FUNDS MADE AVAILABLE TO THIS STATE PURSUANT TO THE JOBS AND GROWTH RECONCILIATION ACT OF 2003.

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

Instruction in personal finance

SECTION    1.     Chapter 29, Title 59 of the 1976 Code is amended by adding:

"Section 59-29-165.    All students attending a high school in this State that is sustained or in any manner supported by public funds must receive instruction in the area of personal finance. The State Department of Education will assist the school districts in identifying suitable materials for instruction."

Use of federal funds

SECTION    2.    The following is authorized for July 1, 2003, through June 30, 2005, from the federal funds received by the State pursuant to the provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003: (1) to the Department of Health and Human Services for Medicaid services - $127,437,026; (2) to the State Department of Education for the Education Finance Act - $20,642,486; (3) of any remaining funds received, the first $44,600,000 shall be transferred to the State Department of Education for the Education Finance Act to be used as a one-time supplement. The State Department of Education may not expend any portion of the $44,600,000 amount until the funds are transferred to the department. It is the intent of the General Assembly that any funds remaining after the above three provisions have been satisfied shall be transferred to the Department of Health and Human Services for the state's Medicaid program. Any unexpended funds provided pursuant to this section must be carried forward to succeeding fiscal years and used for the same purposes.

Time effective

SECTION    3.     This act takes effect upon approval by the Governor.

Ratified the 5th day of June, 2003.

Approved the 25th day of June, 2003.