Current Status Bill Number:
241Type of Legislation: General Bill GBIntroducing Body: SenateIntroduced Date: 19970122Primary Sponsor: HuttoAll Sponsors: HuttoDrafted Document Number: res1231.cbhResiding Body: SenateCurrent Committee: Orangeburg County Delegation 87 SLDSubject: Orangeburg County school districts, bonds issuance; bonds or notes
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ Senate 19970122 Introduced, read first time, 87 SLD referred to Orangeburg County DelegationView additional legislative information at the LPITS web site.
TO AMEND ACT 526 OF 1996, RELATING TO THE CONSOLIDATION OF ORANGEBURG COUNTY SCHOOL DISTRICTS, SO AS TO PROHIBIT THE ISSUING OF GENERAL OBLIGATION BONDS AND THE CONDUCTING OF ANY REFERENDUM NECESSARY TO ISSUE BONDS BY ANY SCHOOL DISTRICT IN ORANGEBURG COUNTY BEFORE JULY 1, 1997.
Whereas, Act 526 of 1996 consolidated the eight school districts of Orangeburg County into three districts effective July 1, 1997; and
Whereas, the effects of this school district consolidation shall have major impacts on the financial status and construction and renovation needs of Orangeburg County Schools; and
Whereas, it is appropriate for these financial impacts and construction and renovation needs to be addressed by the boards of trustees of the newly consolidated Orangeburg County Consolidated School Districts Three, Four, and Five. Now, therefore,
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Act 526 of 1996 is amended by adding:
"Section 9A. No general obligation bonds may be issued by any school district of Orangeburg County pursuant to a referendum held after June 20, 1996, and before July 1, 1997. No referendum required for the issuance of such bonds may be held, whether already scheduled or not, between the effective date of this section and July 1, 1997."
SECTION 2. This act takes effect upon approval by the Governor.