South Carolina General Assembly
115th Session, 2003-2004

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S. 1013

STATUS INFORMATION

General Bill
Sponsors: Finance Committee
Document Path: l:\s-res\hkl\019tuit.jlp.doc
Companion/Similar bill(s): 778

Introduced in the Senate on February 25, 2004
Introduced in the House on April 27, 2004
Last Amended on March 17, 2004
Currently residing in the House Committee on Ways and Means

Summary: South Carolina Tuition Prepayment Program

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   2/25/2004  Senate  Introduced, read first time, placed on calendar without 
                        reference SJ-9
   3/17/2004  Senate  Amended SJ-65
   3/17/2004  Senate  Read second time SJ-65
   4/22/2004  Senate  Read third time and sent to House SJ-10
   4/27/2004  House   Introduced and read first time HJ-10
   4/27/2004  House   Referred to Committee on Ways and Means HJ-10

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

2/25/2004
2/25/2004-A
3/17/2004

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

AMENDED

March 17, 2004

S. 1013

Introduced by Finance Committee

S. Printed 3/17/04--S.

Read the first time February 25, 2004.

            

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTIONS 59-4-110 AND 59-4-120 SO AS TO PROVIDE THAT THE SOUTH CAROLINA TUITION PREPAYMENT PROGRAM MAY NOT ACCEPT NEW PARTICIPANTS, THAT THE PROGRAM SHALL REMAIN IN OPERATION FOR EXISTING PARTICIPANTS, THAT THE STATE SHALL MEET THE OBLIGATIONS TO BENEFICIARIES IF THE TUITION PREPAYMENT PROGRAM FUND CANNOT, AND THAT THE GENERAL ASSEMBLY SHALL APPROPRIATE MONIES TO THE FUND TO PAY TUITION AND FEES TO THE INSTITUTION IF THERE IS NOT ENOUGH MONEY IN THE FUND.

Amend Title To Conform

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

SECTION    1.    Chapter 4, Title 59 of the 1976 Code is amended by adding:

"Section 59-4-110.    (A)    Notwithstanding another provision of law, the South Carolina Tuition Prepayment Program may not accept new participants until the General Assembly authorizes the program to accept new participants by joint resolution.

(B)    This section does not affect the existing participants in the program, and the South Carolina Tuition Prepayment Program remains in full operation for this purpose.

Section 59-4-120.    The State shall meet the obligations to beneficiaries if monies in the fund fail to offset the existing obligations of the South Carolina Tuition Prepayment Program. If there is not enough money in the fund to pay the tuition and required fees of the institution of higher learning in which a beneficiary enrolls as provided by the tuition prepayment contract, the General Assembly shall appropriate to the fund the amount necessary for the Treasurer to pay the applicable tuition and required fees of the institution."

SECTION    2.    This act takes effect January 1, 2005.

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