South Carolina General Assembly
111th Session, 1995-1996

Bill 1118

Indicates Matter Stricken
Indicates New Matter 

                    Current Status

Bill Number:                       1118
Type of Legislation:               General Bill GB
Introducing Body:                  Senate
Introduced Date:                   19960208
Primary Sponsor:                   Education Committee SED 04
All Sponsors:                      Education Committee
Drafted Document Number:           gjk\22312sd.96
Residing Body:                     House
Current Committee:                 Education and Public Works
                                   Committee 21 HEPW
Subject:                           Educational Assistance Endowment
                                   Fund
History


Body    Date      Action Description                       Com     Leg Involved
______  ________  _______________________________________  _______ ____________

House   19960221  Introduced, read first time,             21 HEPW
                  referred to Committee
Senate  19960220  Read third time, sent to House
Senate  19960213  Read second time
Senate  19960208  Introduced, read first time,
                  placed on Calendar without reference
View additional legislative information at the LPITS web site.

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

INTRODUCED

February 8, 1996

S. 1118

Introduced by Education Committee

S. Printed 2/8/96--S.

Read the first time February 8, 1996.

A BILL

TO REVISE THE MANNER IN WHICH FUNDS OF THE EDUCATIONAL ASSISTANCE ENDOWMENT FUND ARE DISTRIBUTED FOR FISCAL YEAR 1995-96 BY DELETING A REQUIREMENT THAT A SPECIFIED DOLLAR AMOUNT BE USED FOR HIGHER EDUCATION SCHOLARSHIP GRANTS, AND TO REPEAL PARAGRAPH 72.71, SECTION 72, PART 1B OF ACT 145 OF 1995 WHICH SPECIFIES THE MANNER IN WHICH THESE FUNDS MUST BE DISTRIBUTED FOR FISCAL YEAR 1995-96.

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

SECTION 1. Notwithstanding any other provisions of law, for fiscal year 1995-96, the revenue credited to the Educational Assistance Endowment Fund pursuant to Section 48-48-140(C) of the 1976 Code shall be used as follows:

(1) $7,000,000 for University of Charleston, Acquisition of Adjoining Property;

(2) $4,000,000 for Greenville Higher Education Consortium;

(3) $5,400,000 for Archives and History, History Center;

(4) $600,000 for the School for the Deaf and Blind, Maintenance and Equipment; and

(5) $185,000 for Wil Lou Gray Opportunity School, Building Maintenance.

The remaining funds shall be distributed on a seventy percent/thirty percent basis for Public School Facilities Assistance and Higher Educational Scholarship Grants, respectively.

SECTION 2. Paragraph 72.71, Section 72 of Part 1B of Act 145 of 1995 is repealed.

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

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