South Carolina General Assembly
115th Session, 2003-2004

Download This Version in Microsoft Word format

Bill 481


Indicates Matter Stricken
Indicates New Matter


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

A BILL

TO AUTHORIZE THE BOARD OF TRUSTEES FOR SCHOOL DISTRICT 1 OF CLARENDON COUNTY TO EXPEND FUNDS IN ITS SCHOOL BUILDING FUND TO MEET ITS COSTS OF OPERATIONS AND MAINTENANCE AND TO REPLACE FUNDS LOST AS A CONSEQUENCE OF REDUCTIONS IN STATE APPROPRIATIONS.

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

SECTION    1.    The General Assembly finds that due to reductions in state appropriations for fiscal year 2002-2003, School District 1 of Clarendon County will experience a shortfall in funds necessary to meet its operating budget for fiscal year 2002-2003. The General Assembly has determined to authorized the board of trustees of the school district to expend funds in its school building fund to meet its costs of operation and maintenance or to pay all or a portion of the principal and interest on a tax anticipation note of the school district issued as of July 1, 2002.

SECTION    2.    The powers and authorizations conferred by this act upon the board are in addition to all other powers and authorizations previously vested in the board and may be availed of pursuant to action taken at a regular or special meeting of the board of trustees.

SECTION    3.    This act takes effect upon approval by the Governor.

----XX----

This web page was last updated on Thursday, June 25, 2009 at 9:55 A.M.