Current StatusView additional legislative information at the LPITS web site.Bill Number: 1274 Ratification Number: 493 Act Number 702 Introducing Body: Senate Subject: Issuance of plant improvement bonds by Clemson University
(A702, R493, S1274)
AN ACT TO AMEND ACT 1278 OF 1970, AS AMENDED, RELATING TO THE ISSUANCE OF PLANT IMPROVEMENT BONDS BY CLEMSON UNIVERSITY, SO AS TO INCREASE FROM FIFTEEN TO TWENTY MILLION DOLLARS THE AUTHORIZED AMOUNT OF THE BONDS.
Be it enacted by the General Assembly of the State of South Carolina:
Bond authorization increased
SECTION 1. Section 4 of Act 1278 of 1970, as last amended by Act 213 of 1987, is further amended to read:
"Section 4. Subject to obtaining the approval of the State Board expressed by an adopted resolution, the trustees are authorized to issue not exceeding twenty million dollars of bonds."
Time effective
SECTION 2. This act takes effect upon approval by the Governor.