South Carolina General Assembly
104th Session, 1981-1982

Bill 3439

                    Current Status

Bill Number:               3439
Ratification Number:       519
Act Number                 417
Introducing Body:          House
Subject:                   Relating to disbursement of state aid for
                           schools to counties
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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A417, R519, H3439)

AN ACT TO AMEND SECTION 59-21-130, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DISBURSEMENT OF STATE AID FOR SCHOOLS TO COUNTIES, SO AS TO PROVIDE THAT THE STATE SUPERINTENDENT OF EDUCATION SHALL INITIATE THE DISBURSEMENT BY PRESENTING VOUCHERS TO THE COMPTROLLER GENERAL; AND TO AMEND THE 1976 CODE BY ADDING SECTION 59-69-215 SO AS TO PROVIDE THAT THE COUNTY TREASURER SHALL DISBURSE FUNDS ON HAND TO ANY SCHOOL DISTRICT AT THE REQUEST OF THE GOVERNING BODY OF SUCH DISTRICT WITH CONCURRENCE OF THE COUNTY GOVERNING BODY FOR OPERATION OF THE SCHOOL DISTRICT AND TO PROVIDE FOR THE INVESTMENT OF SUCH FUNDS.

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

Superintendent of Education to present monthly vouchers

Section 1. Section 59-21-130 of the 1976 Code is amended to read:

"Section 59-21-130. The State Superintendent of Education shall present vouchers monthly to the Comptroller General who shall issue his warrants to the State Treasurer payable to the county treasurers of the respective counties for such amount of state school aid as may be on hand, available for and applicable to the payment for state school aid due the respective counties, under the provisions hereof."

Treasurer of any county to disburse funds to school district

Section 2. The 1976 Code is amended by adding:

"Section 59-69-215. Notwithstanding the provisions of this article, the treasurer of any county shall disburse to any school district within his county any funds which he may have on hand available for use in the operation of the school district; provided, the governing body of the school district requests disbursement to the school district funds as they become available and; provided, further, that the governing body of the county concurs in the request made by the district. Upon receipt of the school district funds, it may maintain its own bank account for the purpose of making disbursement for the payment of expenses approved by the governing body of the district. Funds received by the school district from the county treasurer which are not needed for immediate disbursement may be invested by the district in interest bearing accounts or certificates of deposit issued by banking institutions or savings and loan associations licensed to do business in this State or in securities issued by or guaranteed by the United States Government. Upon establishing the disbursement method from the county treasurer to the district, the disbursement by the county treasurer shall continue to the district as funds become available unless the procedure is rescinded by action of the governing body of the district or the county governing body."

Time effective

Section 2. This act shall take effect upon the approval by the Governor.