Current Status Introducing Body:House Bill Number:4815 Primary Sponsor:Harrelson Committee Number:30 Type of Legislation:GB Subject:School unit may not exceed bond limitations Residing Body:House Current Committee:Ways and Means Computer Document Number:DKA/3896.AL Introduced Date:May 05, 1992 Last History Body:House Last History Date:May 05, 1992 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Harrelson Type of Legislation:General Bill
Bill Body Date Action Description CMN
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4815 House May 05, 1992 Introduced, read first time, 30
referred to Committee
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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 59-71-200, SO AS TO PROHIBIT A SCHOOL UNIT FROM EXCEEDING BOND LIMITATIONS, DIRECTLY OR INDIRECTLY, WITHOUT A REFERENDUM.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The 1976 Code is amended by adding:
"Section 59-71-200. The authorities of an operating school unit may not exceed the limitations set for general obligation bonds of the operating school unit, directly or indirectly, by lease purchase or other means without an election as provided in this article, mutatis mutandis."
SECTION 2. This act takes effect upon approval by the Governor.