South Carolina General Assembly
113th Session, 1999-2000

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Bill 1112


Indicates Matter Stricken
Indicates New Matter


                    Current Status

Bill Number:                      1112
Type of Legislation:              General Bill GB
Introducing Body:                 Senate
Introduced Date:                  20000203
Primary Sponsor:                  Alexander
All Sponsors:                     Alexander and Drummond
Drafted Document Number:          l:\council\bills\pt\1782dw00.doc
Companion Bill Number:            4512
Residing Body:                    Senate
Current Committee:                Finance Committee 06 SF
Subject:                          Clemson University, plant improvement 
                                  bonds, limitation on amount to be issued; 
                                  Colleges, Bonds or Notes


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
Senate  20000203  Introduced, read first time,           06 SF
                  referred to Committee


              Versions of This Bill

View additional legislative information at the LPITS web site.


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

A BILL

TO AMEND ACT 1278 OF 1970, AS AMENDED, RELATING TO THE ISSUANCE OF PLANT IMPROVEMENT BONDS BY CLEMSON UNIVERSITY, SO AS TO MODIFY THE LIMITATION ON THE AMOUNT OF PLANT IMPROVEMENT BONDS WHICH MAY BE ISSUED.

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

SECTION 1. Section 4 of Act 1278 of 1970, as last amended by Section 1 of Act 625 of 1990, is further amended to read:

"Section 4. Subject to obtaining the approval of the State Board expressed by an adopted resolution, the trustees may issue not exceeding thirty million dollars of bonds, from time-to-time, plant improvement bonds which at no time may exceed thirty million dollars in principal amount outstanding."

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

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