Current Status Introducing Body:House Bill Number:3206 Primary Sponsor:P. Harris Committee Number:30 Type of Legislation:GB Subject:Capital improvement bonds, Aging Commission Residing Body:House Current Committee:Ways and Means Computer Document Number:436/11128.DW Introduced Date:Jan 15, 1991 Last History Body:House Last History Date:Jan 15, 1991 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:P. Harris Waldrop Waites Wilder Type of Legislation:General Bill
Bill Body Date Action Description CMN
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3206 House Jan 15, 1991 Introduced, read first time, 30
referred to Committee
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TO AMEND ACT 1377 OF 1968, AS AMENDED, RELATING TO THE ISSUANCE OF CAPITAL IMPROVEMENT BONDS, SO AS TO AUTHORIZE THE ISSUANCE OF ADDITIONAL BONDS FOR THE COMMISSION ON AGING AND INCREASE THE LIMITATION ON THE MAXIMUM AGGREGATE PRINCIPAL INDEBTEDNESS OF THE STATE; AND TO TEMPORARILY INCREASE THE BINGO LICENSE TAX AND AUTHORIZE THE ADDITIONAL REVENUES TO BE USED FOR PARTIAL PAYMENT OF PRINCIPAL AND INTEREST PAYMENTS FOR CAPITAL IMPROVEMENT BOND ISSUES.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Item (f) of Section 3 of Act 1377 of 1968, as last amended by Act 622 of 1990, is further amended by adding:
"Commission on Aging
(a) Repairs to existing multi-
purpose senior citizen
centers, satellite
centers, and nutrition
sites $ 511,900
(b) Construct ten multi-
purpose senior citizen
centers in counties
without centers 3,557,200
(c) Construct additions to
facilities to provide
additional space 641,025
(d) Construct ten satellite
centers in eight counties 1,841,000
(e) Construct seven replace-
ment senior centers 2,206,000
__________
Total, Commission on Aging $ 8,757,125
The funds authorized in this subitem are for the projects identified in the Senior Citizens Center Survey published by the Commission on Aging in October, 1989, and updated August, 1990. The commission must receive Joint Bond Review Committee review and Budget and Control Board approval for each individual project, including the amount of funds required to complete the project. Without regard to a specific project, twenty-five percent of the total amount authorized in this item must begin to be funded in the groups to be released July 1, 1991, and January 1, 1992.
TOTAL, ALL AGENCIES $8,757,125".
SECTION 2. Section 4 of Act 1377 of 1968, as last amended by Act 638 of 1988, is further amended to read:
"Section 4. The aggregate principal indebtedness on account of bonds issued pursuant to this act may not exceed $1,445,782,506.29 $1,514,539,631.10. The limitation imposed by the provisions of this section does not apply to bonds issued on behalf of the Mental Health Commission as provided in Act 151 of 1983 and Acts 1272 and 1276 of 1970, as amended, or to bonds issued on behalf of the Commission on Mental Retardation as provided in Act 1087 of 1970 Article 7, Chapter 20, Title 44, of the 1976 Code, as added by Act 496 of 1990. The limitation imposed by the provisions of this section is not considered to be an obligation of the contract made between the State and holders of bonds issued pursuant to this act, and the limitation imposed by the provisions of this section may be enlarged by acts amending it or reduced by the application of the Capital Reserve Fund or by amendments of this act. Within these limitations state capital improvement bonds may be issued under the conditions prescribed by this act."
SECTION 3. In addition to the bingo taxes levied under the provisions of Section 12-21-3440(B) of the 1976 Code, and beginning July 1, 1991, and ending June 30, 2006, an additional one dollar is levied for each bingo player a session for sessions conducted by holders of a Class AA license and an additional fifty cents is levied for each bingo player a session for sessions conducted by holders of a Class B license. The revenues generated by the imposition of these additional taxes levied under the provisions of this section must be deposited in the general fund of the State, to be used for partial payment of principal and interest payments for Capital Improvement Bond issues.
SECTION 4. Except as is provided otherwise, this act takes effect upon approval by the Governor.