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Indicates Matter Stricken
Indicates New Matter
S. 239
STATUS INFORMATION
General Bill
Sponsors: Senators Ryberg, Bryant, Fair, Richardson and Verdin
Document Path: l:\s-res\wgr\006teri.dag.doc
Companion/Similar bill(s): 3007
Introduced in the Senate on January 9, 2007
Currently residing in the Senate Committee on Finance
Summary: TERI bill
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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1/9/2007 Senate Introduced and read first time SJ-136
1/9/2007 Senate Referred to Committee on Finance SJ-136
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO CLOSE THE TEACHER AND EMPLOYEE RETENTION INCENTIVE (TERI) PROGRAM TO NEW PARTICIPANTS EFFECTIVE JULY 1, 2007; TO REPEAL EFFECTIVE JULY 1, 2010, ARTICLE 17, CHAPTER 1, TITLE 9, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE ESTABLISHMENT OF THE TERI PROGRAM; AND TO PROVIDE THAT THE PROVISIONS OF THIS ACT MAY NOT BE AMENDED OR REPEALED EXCEPT IN SEPARATE LEGISLATION RECEIVING AN AFFIRMATIVE TWO-THIRDS RECORDED VOTE IN EACH HOUSE OF THE GENERAL ASSEMBLY.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Notwithstanding the provisions of Section 9-1-2210(A) of the 1976 Code, the Teacher and Employee Retention Incentive (TERI) Program, established pursuant to Section 9-1-2210, is closed to new participants effective July 1, 2007.
SECTION 2. Article 17, Chapter 1, Title 9 of the 1976 Code is repealed effective July 1, 2010, for all purposes except the distribution of program accounts existing on that date.
SECTION 3. The provisions of this act may not be amended or repealed except in separate legislation enacted solely for that purpose which received at least an affirmative two-thirds recorded vote of the total membership of each house of the General Assembly.
SECTION 4. This act takes effect upon approval by the Governor.
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