South Carolina General Assembly
116th Session, 2005-2006

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Bill 1026

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CONFERENCE COMMITTEE REPORT ADOPTED -- NOT PRINTED

March 1, 2006

S. 1026

Introduced by Senators Leatherman, Leventis, Setzler, Rankin, McGill, Short, Martin, Sheheen, Alexander, Anderson, Bryant, Campsen, Cleary, Courson, Cromer, Drummond, Elliott, Fair, Ford, Gregory, Grooms, Hawkins, Hayes, Hutto, Jackson, Knotts, Land, Lourie, Malloy, Matthews, McConnell, Mescher, Moore, O'Dell, Patterson, Peeler, Pinckney, Reese, Richardson, Ritchie, Ryberg, Scott, J. Verne Smith, Thomas, Verdin and Williams

S. Printed 2/2/06--H.

Read the first time January 19, 2006.

            

A JOINT RESOLUTION

TO APPROPRIATE FROM THE GENERAL FUND OF THE STATE TO THE STATE'S GENERAL DEPOSIT ACCOUNT FISCAL YEAR 2004-2005 SURPLUS REVENUES IN THE AMOUNT OF $104,934,400 FOR THE PURPOSE OF PREVENTING AN ACCUMULATED GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) GENERAL FUND DEFICIT AND TO APPROPRIATE FROM THE SAME SOURCE $13,094,604 TO THE STATE DEPARTMENT OF EDUCATION FOR PARTS AND FUEL FOR THE SCHOOL BUS FLEET.

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

SECTION    1.    (A)    There is appropriated from fiscal year 2004-2005 state general fund surplus revenues to the state's General Deposit Account an amount equal to $104,934,400 for the purpose of preventing an accumulated Generally Accepted Accounting Principles (GAAP) deficit in the general fund of the State in the amount of the funds appropriated. The Comptroller General shall adjust the state's accounts as appropriate to reflect this appropriation.

(B)    There is appropriated from fiscal year 2004-2005 state general fund surplus revenues to the State Department of Education an amount equal to $13,094,604 for school bus operations, to include the purchase of bus parts and fuel for the school bus fleet. Funds appropriated pursuant to this subsection not expended before July 1, 2006, must be carried forward into the succeeding fiscal year and used for the same purposes.

SECTION    2.    This joint resolution takes effect upon approval by the Governor.

/s/Hugh K. Leatherman    /s/Daniel T. Cooper

/s/J. Yancey McGill    /s/Herb Kirsh

/s/Lawrence K. Grooms    /s/Shirley R. Hinson

On Part of the Senate.        On Part of the House.

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