South Carolina General Assembly
113th Session, 1999-2000

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Bill 3445

Indicates Matter Stricken
Indicates New Matter

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

COMMITTEE REPORT

April 15, 1999

H. 3445

Introduced by Reps. Keegan, Carnell, H. Brown, Harrell, Quinn and Knotts

S. Printed 4/15/99--S.

Read the first time February 17, 1999.

THE COMMITTEE ON EDUCATION

To whom was referred a Bill (H. 3445), to repeal Section 59-107-90, Code of Laws of South Carolina, 1976, relating to the one hundred twenty million dollar over all debt limit, etc., respectfully

REPORT:

That they have duly and carefully considered the same, and recommend that the same do pass with amendment:

Amend the bill, as and if amended, by deleting line 19 and inserting the following:

/" The maximum amount of annual debt service on all outstanding state institution bonds for each state institution shall not exceed ninety percent of the sums received by such state institution from tuition fees for the preceding fiscal year, as provided in Section 13(6)(b) of Article X of the Constitution of this State."/

Renumber sections to conform.

Amend title to conform.

NIKKI G. SETZLER, for Committee.

A BILL

TO REPEAL SECTION 59-107-90, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE ONE HUNDRED TWENTY MILLION DOLLAR OVER ALL DEBT LIMIT ON STATE INSTITUTION BONDS.

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

SECTION 1. Section 59-107-90 of the 1976 Code is repealed.

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

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