South Carolina General Assembly
115th Session, 2003-2004

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Indicates Matter Stricken
Indicates New Matter

H. 4612

STATUS INFORMATION

General Bill
Sponsors: Rep. Skelton
Document Path: l:\council\bills\gjk\20868sd04.doc
Companion/Similar bill(s): 904

Introduced in the House on January 27, 2004
Currently residing in the House Committee on Ways and Means

Summary: Clemson University, athletic facility revenue bonds, maximum amount that may be increased

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   1/27/2004  House   Introduced and read first time HJ-4
   1/27/2004  House   Referred to Committee on Ways and Means HJ-4

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

1/27/2004

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

A BILL

TO AMEND SECTION 59-119-940, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO LIMITATIONS ON THE ISSUANCE OF ATHLETIC FACILITY REVENUE BONDS BY CLEMSON UNIVERSITY SO AS TO INCREASE FROM FORTY MILLION DOLLARS TO SIXTY MILLION DOLLARS THE MAXIMUM AMOUNT OF THESE BONDS WHICH MAY BE OUTSTANDING AT ANY TIME.

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

SECTION    1.    Section 59-119-940 of the 1976 Code, as added by Act 144 of 1997, is amended to read:

"Section 59-119-940.    Upon receiving the approval of the state board and upon review by the Joint Bond Review Committee, the trustees may from time to time borrow such sums as necessary to accomplish the purpose of this article and to evidence such borrowings by bonds issued pursuant to this article in such the aggregate principal amount as they determine, except that other provisions of this article to the contrary notwithstanding, there must not be outstanding at any time bonds issued pursuant to this article in such the aggregate principal amount as they determine, except that other provisions of this article to the contrary notwithstanding, there must not be outstanding at any time bonds issued pursuant to this article in excess of forty sixty million dollars."

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

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