Current Status Introducing Body:
SenateBill Number: 1583Primary Sponsor: RoseType of Legislation: CRSubject: Dorchester County school district trusteesResiding Body: HouseDate Tabled: Jun 03, 1992Computer Document Number: 436/12574.DWIntroduced Date: May 27, 1992Last History Body: HouseLast History Date: Jun 03, 1992Last History Type: TabledScope of Legislation: StatewideAll Sponsors: RoseType of Legislation: Concurrent Resolution
Bill Body Date Action Description CMN ---- ------ ------------ ------------------------------ --- 1583 House Jun 03, 1992 Tabled 1583 House Jun 02, 1992 Introduced, read first time, placed on Calendar without reference 1583 Senate May 29, 1992 Read third time, sent to House 1583 Senate May 28, 1992 Read second time 1583 Senate May 27, 1992 Unanimous consent for second and third reading on the next two consecutive Legislative days 1583 Senate May 27, 1992 Introduced, read first time, placed on Local and Uncontested Calendar without referenceView additional legislative information at the LPITS web site.
Indicates Matter Stricken
Indicates New Matter
June 2, 1992
L. Printed 6/2/92--H.
Read the first time June 2, 1992.
TO AMEND ACT 267 OF 1987, RELATING TO THE PREPARATION OF BUDGETS FOR DORCHESTER COUNTY SCHOOL DISTRICTS, SO AS TO PROVIDE THAT DORCHESTER COUNTY SCHOOL DISTRICTS 2 AND 4 MAY SET THEIR OPERATING BUDGETS UP TO THE REVENUE REQUIREMENTS OF THE EDUCATION FINANCE ACT AND THE EDUCATION IMPROVEMENT ACT AND THAT ANY INCREASE REQUIRES THE APPROVAL OF DORCHESTER COUNTY COUNCIL, AND TO ALLOW DORCHESTER COUNTY SCHOOL DISTRICTS 2 AND 4 TO MAINTAIN A LIMITED CASH RESERVE, TO PROVIDE FOR THE MANNER BY WHICH THE FUND MUST BE FUNDED AND LIMITATIONS ON EXPENDITURES FROM THE FUND, AND TO PROVIDE THE METHOD OF CALCULATING AN INCREASE IN THE TAX MILLAGE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 1 of Act 267 of 1987 is amended to read:
"Section 1. For the school year 1987-88 1992-93 and for all school years thereafter, the boards of trustees of all school districts in Dorchester County shall prepare annual budgets for general school purposes and submit the budgets for approval to the Dorchester County Council. The council, after approving the budgets, shall set the necessary tax millage. The council may not assign or delegate its authority under this act to any other entity. The respective board of trustees of each school district in Dorchester County may determine the budget of its school district with regard to revenue required by the Education Finance Act and the Education Improvement Act without the approval of any other authority. The authority conferred on the Board of Trustees of School District 4 by the provisions of this section is effective only after the election and qualification of the board."
SECTION 2. Section 3 of Act 267 of 1987 is amended to read:
"Section 3. For each the school year after 1987-88 1992-93 and for all school years thereafter, the tax millage for the annual operating budget for Dorchester County School District 2 and Dorchester County School District No. 4 set by the each Dorchester County Council respective school district may not increase more than four mills beyond the revenue requirements of the Education Finance Act and the Education Improvement Act plus the limited cash reserve as defined in Section 3, without the approval of the Dorchester County Council. The council may not assign or delegate its authority under this act to any other entity."
SECTION 3. Dorchester County School Districts 2 and 4 each may maintain a limited cash reserve not exceeding five percent of the total operating budget for the respective school district for the year in which the cash reserve is maintained. The cash reserve may be funded only by any accumulation of revenue in excess of budgeted amounts and not by the levy of additional taxes as part of the budget. Monies in the cash reserve may be expended only to replace cash shortages resulting from tax collections within that fiscal year.
SECTION 4. In determining the amount of millage to raise taxes to fulfill the amount of local funding effort for a school district's operating budget, Dorchester County School Districts 2 and 4, respectively, must calculate the amount of taxes to be raised by subtracting from the amount of local effort required by the Education Finance Act and the Education Improvement Act the amount of all monies collected during the previous year in excess of the approved budget, plus any interest accrued thereon, except for any monies accumulated under Section 3 and interest accrued thereon through the last day of the last budget year up to the amount of the limited cash reserve permitted by Section 3.
The amount of excess funds and accrued interest referred to in the preceding paragraph must be determined each year by an independent auditor before the millage is set to collect taxes for the Education Finance Act and the Education Improvement Act local effort.
SECTION 5. If any provision of this act is held invalid, the invalidity does not affect other provisions which must be given effect without the invalid provision and to this end the provisions of this act are severable.
SECTION 6. This act takes effect upon approval by the Governor.