Bill 611

                    Current Status

Bill Number:                    611
Ratification Number:            115
Act Number:                     72
Type of Legislation:            General Bill GB
Introducing Body:               Senate
Introduced Date:                19950308
Primary Sponsor:                McConnell
All Sponsors:                   McConnell and Washington
Drafted Document Number:        PT\1674DW.95
Companion Bill Number:          3416
Date Bill Passed both Bodies:   19950523
Date of Last Amendment:         19950518
Governor's Action:              U  Became law without signature of
                                Governor
Date of Governor's Action:      19950613
Subject:                        Medical school, financial
                                information

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

------  19950613  Act No. A72
------  19950613  Unsigned, became law without
                  signature of Governor
------  19950606  Ratified R115
House   19950523  Concurred in Senate amendment,
                  enrolled for ratification
Senate  19950518  House amendments amended,
                  returned to House with amendment
House   19950517  Read third time, returned to Senate
                  with amendment
House   19950516  Amended, read second time
House   19950510  Recalled from Committee                  30 HWM
House   19950510  Introduced, read first time,             30 HWM
                  referred to Committee
Senate  19950509  Read third time, sent to House
Senate  19950505  Read second time
Senate  19950504  Committee report: Favorable              04 SED
Senate  19950308  Introduced, read first time,             04 SED
                  referred to Committee

(A72, R115, S611)

AN ACT TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 59-101-197 SO AS TO REQUIRE THE REPORTING OF CERTAIN FINANCIAL INFORMATION BY EACH MEDICAL SCHOOL RECEIVING AN APPROPRIATION FROM THE STATE.

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

Reporting of certain financial information required

SECTION 1. The 1976 Code is amended by adding:

"Section 59-101-197. (A) For purposes of this section `affiliate' means any entity controlled by or under common control with another entity, whether through ownership, interlocking boards or officers, charter, bylaws, or otherwise and including each professional staff office or practice of each medical school receiving an appropriation from the State, and each trust or foundation which has as one of its significant purposes the support of a medical school receiving an appropriation from the State.

(B) Not later than September first of each year, each medical school receiving an appropriation from the State shall provide to the General Assembly a written report setting forth:

(1) for the prior fiscal year the total compensation paid or accrued by the medical school and its affiliates, including cash, fringe benefits, retirement accounts or arrangements, deferred compensation accounts or arrangements, consultant's, director's, and trustee's fees and honoraria, from all sources to or for each officer, dean, department chairman, and each of the fifty most highly compensated physicians employed by or utilizing the facilities of the medical school or its affiliates;

(2) a description of each element of the compensation;

(3) the source of each element of the compensation; and

(4) the number of out-of-state students and the total number of students in each academic program."

Time effective

SECTION 2. This act takes effect upon approval by the Governor.

Became law without the signature of the Governor -- 6/13/95.