Bill 1549

                    Current Status

Introducing Body:               Senate
Bill Number:                    1549
Ratification Number:            547
Act Number:                     591
Primary Sponsor:                Carmichael
Type of Legislation:            GB
Subject:                        Dillon County Education Board
Date Bill Passed both Bodies:   May 28, 1992
Computer Document Number:       436/12494.DW
Governor's Action:              S
Date of Governor's Action:      Jun 15, 1992
Introduced Date:                May 13, 1992
Date of Last Amendment:         May 28, 1992
Last History Body:              ------
Last History Date:              Oct 07, 1992
Last History Type:              Act No. 591
Scope of Legislation:           Statewide
All Sponsors:                   Carmichael
Type of Legislation:            General Bill

 Bill  Body    Date          Action Description              CMN
 ----  ------  ------------  ------------------------------  ---
 1549  ------  Oct 07, 1992  Act No. 591
 1549  ------  Jun 15, 1992  Signed by Governor
 1549  ------  Jun 04, 1992  Ratified R 547
 1549  Senate  May 28, 1992  Concurred in House amendment,
                             enrolled for ratification
 1549  House   May 28, 1992  Amended, read third time,
                             returned to Senate with
                             amendments
 1549  House   May 27, 1992  Read second time
 1549  House   May 26, 1992  Introduced, read first time,
                             placed on Calendar without
                             reference
 1549  Senate  May 21, 1992  Read third time, sent to House
 1549  Senate  May 20, 1992  Read second time, unanimous
                             consent for third reading on
                             Thursday, May 21, 1992
 1549  Senate  May 13, 1992  Introduced, read first time,
                             placed on Local and
                             Uncontested Calendar without
                             reference

(R547, S1549)

AN ACT TO AUTHORIZE THE DILLON COUNTY BOARD OF EDUCATION TO BORROW AN AMOUNT NOT TO EXCEED FOUR HUNDRED EIGHTY THOUSAND DOLLARS TO BE USED FOR SCHOOL CONSTRUCTION IN DILLON COUNTY SCHOOL DISTRICT 3, TO PROVIDE FOR THE REPAYMENT OF THE LOAN, AND TO PROVIDE THAT THE AUDITOR OF DILLON COUNTY SHALL LEVY A TAX FOR SCHOOL PURPOSES FOR FISCAL YEAR 1992-93.

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

Board may borrow

SECTION 1. (A) The Dillon County Board of Education may borrow an amount not exceeding four hundred eighty thousand dollars from any bank or other lending agency at the lowest interest rate available to retire a loan for money used for school construction for Dillon County School District 3. The amount borrowed must be evidenced by a note to be executed by the chairman of the board and the county treasurer. The note shall bear such interest as may be agreed upon to be paid at such times as may be agreed upon with the right to anticipate payment at any time before maturity.

(B) The repayment of the note must be as provided by agreement between the parties.

Auditor to levy tax

SECTION 2. The auditor of Dillon County shall levy one hundred seven and one-half mills on all taxable property of the county for fiscal year 1992-93 for school purposes in Dillon County as follows: operation of schools, 84.5 mills; school debt retirement, 5 mills; teachers' sick leave, 3 mills; Dillon County Vocational School, 14.5 mills; and vocational school special fund, .5 mills.

Time effective

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

In the Senate House June 4, 1992.

Nick A. Theodore,

President of the Senate

Robert J. Sheheen,

Speaker of the House of

Representatives

Approved the 15th day of June, 1992.

Carroll A. Campbell, Jr.

Governor

Printer's Date -- July 2, 1992 -- L.