South Carolina General Assembly
114th Session, 2001-2002

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Bill 1060

Indicates Matter Stricken
Indicates New Matter

                    Current Status

Bill Number:                      1060
Type of Legislation:              General Bill GB
Introducing Body:                 Senate
Introduced Date:                  20020227
Primary Sponsor:                  Grooms
All Sponsors:                     Grooms, Moore, Anderson, Drummond, 
                                  Elliott, Ford, Glover, Holland, Hutto, 
                                  Jackson, Land, Leventis, Matthews, McGill, 
                                  O'Dell, Patterson, Pinckney, Rankin, Reese, 
                                  Saleeby, Setzler and Short
Drafted Document Number:          l:\council\bills\bbm\10819htc02.doc
Residing Body:                    Senate
Current Committee:                Finance Committee 06 SF
Subject:                          Veterans nursing home located in Colleton 
                                  County, bonds authorized for Department of 
                                  Mental Health for construction of


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
Senate  20020227  Introduced, read first time,           06 SF
                  referred to Committee


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

A BILL

TO AMEND ACT 1377 OF 1968, AS AMENDED, RELATING TO THE ISSUANCE OF STATE CAPITAL IMPROVEMENT BONDS, SO AS TO AUTHORIZE BONDS FOR THE SOUTH CAROLINA DEPARTMENT OF MENTAL HEALTH FOR THE CONSTRUCTION OF A VETERANS NURSING HOME LOCATED IN COLLETON COUNTY AND TO CONFORM THE AGGREGATE PRINCIPAL INDEBTEDNESS AMOUNT OF THESE BONDS TO THE ADDITIONAL AMOUNT AUTHORIZED IN THIS ACT.

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

SECTION 1. A. Item (f) of Section 3 of Act 1377 of 1968, as last amended by Act 1 of 2001, is further amended by adding:

"Department of Mental Health-

Veterans Nursing Home located

in Colleton County $2,800,000

Total $2,800,000"

B. Section 4 of Act 1377 of 1968, as last amended by Part II, Section 1 of Act 1 of 2001, is further amended to read:

"Section 4. The aggregate principal indebtedness on account of bonds issued pursuant to this act may not exceed $2,583,904,475 $2,586,704,475. The limitation imposed by the provisions of this section does not apply to bonds issued on behalf of the Mental Health Commission as provided in Acts 1276 and 1272 of 1970 or to bonds issued on behalf of the Commission on Mental Retardation as provided in Act 1087 of 1970 or to bonds issued on behalf of the South Carolina Fire Academy. The limitation imposed by the provisions of this section is not considered to be an obligation of the contract made between the State and holders of bonds issued pursuant to this act, and the limitation imposed by the provisions of this section may be enlarged by acts amending it or reduced by the application of the Capital Reserve Fund or by amendments of this act. Within these limitations state capital improvement bonds may be issued under the conditions prescribed by this act."

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

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