South Carolina General Assembly
112th Session, 1997-1998

Bill 3478

Indicates Matter Stricken
Indicates New Matter 

                    Current Status

Bill Number:                       3478
Type of Legislation:               Joint Resolution JR
Introducing Body:                  House
Introduced Date:                   19970219
Primary Sponsor:                   Education and Public Works
                                   Committee HEPW 21
All Sponsors:                      Education and Public Works
                                   Committee
Drafted Document Number:           gjk\20116ac.97
Companion Bill Number:             370
Residing Body:                     Senate
Current Committee:                 Education Committee 04
                                   SED
Subject:                           Regulation No. 1994, Education
                                   Board, financial reports and
                                   statements (repeal)
History


Body    Date      Action Description                       Com     Leg Involved
______  ________  _______________________________________  _______ ____________
Senate  19970227  Introduced, read first time,             04 SED
                  referred to Committee
House   19970226  Read third time, sent to Senate
House   19970225  Read second time
House   19970219  Introduced, read first time
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 19, 1997

H. 3478

Introduced by Education and Public Works Committee

S. Printed 2/19/97--H.

Read the first time February 19, 1997.

A JOINT RESOLUTION

TO APPROVE REGULATIONS OF THE BOARD OF EDUCATION, RELATING TO FINANCIAL REPORTS AND STATEMENTS (REPEAL), DESIGNATED AS REGULATION DOCUMENT NUMBER 1994, PURSUANT TO THE PROVISIONS OF ARTICLE 1, CHAPTER 23, TITLE 1 OF THE 1976 CODE.

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

SECTION 1. The regulations of the Board of Education, relating to Financial Reports and Statements (Repeal), designated as Regulation Document Number 1994, and submitted to the General Assembly pursuant to the provisions of Article 1, Chapter 23, Title 1 of the 1976 Code, are approved.

SECTION 2. This joint resolution takes effect upon approval by the Governor.

----XXX----

SUMMARY AS SUBMITTED BY PROMULGATING AGENCY.

The repeal of Regulation 43-173, Financial Reports and Statements, will allow the State Board of Education to eliminate unnecessary regulations where possible. This regulation addresses the "public reporting" of financial information and adds that funds for grades 9-12 and vocational centers must be kept in "accurate and systematic form". This regulation is no longer needed. Necessary criteria are cited in amended Regulation 43-172, Accounting and Reporting.

-----XX-----