South Carolina General Assembly
115th Session, 2003-2004

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Indicates Matter Stricken
Indicates New Matter

S. 778

STATUS INFORMATION

General Bill
Sponsors: Senator Ryberg
Document Path: l:\council\bills\pt\1770slj04.doc
Companion/Similar bill(s): 1013

Introduced in the Senate on January 13, 2004
Currently residing in the Senate Committee on Finance

Summary: SC Tuition Prepayment Program, close to new participants, provisions

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
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   12/9/2003  Senate  Prefiled
   12/9/2003  Senate  Referred to Committee on Education
   1/13/2004  Senate  Introduced and read first time SJ-19
   1/13/2004  Senate  Referred to Committee on Education SJ-19
   1/22/2004  Senate  Recalled from Committee on Education SJ-11
   1/22/2004  Senate  Committed to Committee on Finance SJ-11

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

12/9/2003

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

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.

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 July 1, 2004.

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