South Carolina General Assembly
114th Session, 2001-2002

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Bill 5148

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INTRODUCED

April 18, 2002

    H. 5148

Introduced by Rep. Kirsh

L. Printed 4/18/02--H.

Read the first time April 18, 2002.

            

A BILL

TO ALLOW THE BOARD OF TRUSTEES OF CLOVER SCHOOL DISTRICT TWO IN YORK COUNTY TO ISSUE GENERAL OBLIGATION BONDS OF THE DISTRICT FOR THE PURPOSE OF REIMBURSING THE DISTRICT'S GENERAL FUND FOR CAPITAL EXPENDITURES MADE FROM THAT FUND IN PRIOR YEARS AND TO REQUIRE THESE BONDS TO MATURE IN NO MORE THAN FIVE YEARS.

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

SECTION    1.    Notwithstanding any other provisions of law, the board of trustees of Clover School District Two in York County, subject to the requirements of Section 15, Article X of the Constitution of this State, may issue general obligation bonds of the district for the purpose of reimbursing the district's general fund for capital improvement expenditures made from general fund revenues in prior years. Bonds used for this purpose must mature in no more than five years.

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

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