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Indicates Matter Stricken
Indicates New Matter
S. 1094
STATUS INFORMATION
Joint Resolution
Sponsors: Senators Matthews, Moore and Hutto
Document Path: l:\s-resmin\bills\matthews\smin0085.jwm.doc
Introduced in the Senate on March 23, 2004
Currently residing in the Senate Committee on Finance
Summary: School Facilities Bonds Proceeds
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 3/23/2004 Senate Introduced and read first time SJ-12 3/23/2004 Senate Referred to Committee on Finance SJ-12
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO APPROPRIATE EXCESS INVESTMENT EARNINGS HELD BY THE STATE TREASURER'S OFFICE IN SUBFUND 42B6 "STATE SCHOOL FACILITIES BONDS PROCEEDS 2002A" FOR JANUARY 2004 ICE STORM FEDERAL EMERGENCY MANAGEMENT AGENCY DISASTER RELIEF MATCH.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The amount necessary, not to exceed $3,000,000, of excess investment earnings held by the State Treasurer's Office in subfund 42B6 "State School Facilities Bonds Proceeds 2002A" must to be transferred to the Adjutant General's Office to be used as matching funds for Federal Emergency Management Agency assistance received to provide relief to eligible counties for the January 2004 ice storm. These funds are to be used to provide 12.5% of the required 25% match. Funds previously appropriated to Adjutant General's Office as match for prior disasters are to be use to provide the remaining 12.5% required match.
SECTION 2. This joint resolution takes effect upon approval by the Governor.
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