South Carolina General Assembly
118th Session, 2009-2010

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S. 594

STATUS INFORMATION

General Bill
Sponsors: Senator Leatherman
Document Path: l:\s-financ\drafting\hkl\008edre.dag.hkl.docx
Companion/Similar bill(s): 3664

Introduced in the Senate on March 19, 2009
Introduced in the House on April 1, 2009
Last Amended on May 25, 2010
Currently residing in the Senate

Summary: Higher Education Revenue Bond Act

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   3/19/2009  Senate  Introduced and read first time SJ-1
   3/19/2009  Senate  Referred to Committee on Finance SJ-1
   3/20/2009  Senate  Referred to Subcommittee: O'Dell (ch), Peeler, Reese, 
                        Fair, Elliott
   3/25/2009  Senate  Committee report: Favorable Finance SJ-8
   3/26/2009          Scrivener's error corrected
   3/26/2009  Senate  Read second time SJ-21
   3/31/2009  Senate  Read third time and sent to House SJ-21
    4/1/2009  House   Introduced and read first time HJ-23
    4/1/2009  House   Referred to Committee on Ways and Means HJ-23
   5/19/2010  House   Recalled from Committee on Ways and Means HJ-48
   5/25/2010  House   Amended HJ-42
   5/25/2010  House   Read second time HJ-42
   5/25/2010  House   Motion noted- Rep. Merrill moved to reconsider second 
                        reading
   5/26/2010  House   Motion to reconsider tabled HJ-15
   5/26/2010  House   Read third time and returned to Senate with amendments 
                        HJ-15
   5/26/2010          Scrivener's error corrected

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

3/19/2009
3/25/2009
3/26/2009
5/19/2010
5/25/2010
5/26/2010

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

Indicates Matter Stricken

Indicates New Matter

AMENDED

May 25, 2010

S. 594

Introduced by Senator Leatherman

S. Printed 5/25/10--H.    [SEC 5/26/10 3:05 PM]

Read the first time April 1, 2009.

            

A BILL

TO AMEND SECTION 59-147-30 OF THE 1976 CODE, RELATING TO THE ISSUANCE OF REVENUE BONDS UNDER THE PROVISIONS OF THE HIGHER EDUCATION REVENUE BOND ACT, TO CLARIFY THOSE ELIGIBLE FACILITIES WHICH MAY BE FINANCED UNDER THE ACT; AND TO REPEAL SECTION 59-147-120 RELATING TO LIMITATIONS ON THE ISSUANCE OF CERTAIN REVENUE BONDS.

Amend Title To Conform

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

SECTION    1.    Section 59-101-620 of the 1976 Code, as added by Act 143 of 2005, is amended to read:

"Section 59-101-620.    (A)    A public institution of higher learning may offer educational fee waivers to no more than four eight percent of the undergraduate student body. Any fee waivers above four percent must be used for in-state students. for purposes of this section, in-state student is defined by Section 59-112-20(A).

(B)    State-supported institutions of higher learning to which subsection (A) applies annually shall report to the Commission on Higher Education the amount of the waivers provided during that fiscal year and other information as the commission may require in regard to these waivers."

SECTION    2.    Article 2, Chapter 101, Title 59 of the 1976 Code is amended by adding:

"Section 59-101-670.    Four-year and graduate level public institutions of higher learning in this State, not including technical colleges, with approval of the Budget and Control Board may enter into one or more ground lease agreements with a private entity whereby the private entity provides all services necessary for the creation and operation of institution infrastructure including, but not limited to, financing, designing, constructing, managing, operating, maintaining, and related services. Upon expiration of the ground lease agreement term, the private entity shall surrender to the institution the premises with the existing buildings, other structures, and improvements constructed and located thereon and therein, in the same condition as when the construction of the buildings, other structures, and improvements were completed, only natural and normal wear and tear excepted. The Budget and Control Board shall approve all ground lease agreement terms and conditions including the consideration involved. The full faith and credit of the State toward the lease obligations may not be pledged, and any statement to the contrary is deemed null and void as a matter of public policy. The private entity may be a nonprofit organization. Budget and Control Board approval required is instead of or a substitute for any other approval required by any other provision of law or regulation in connection with the undertaking of the private entity and the subject institution; however, the private entity and the subject institution shall adhere to fire, life, and safety codes as required by the office. This section and the approval required by this section does not exempt any transaction or entity from complying with Chapter 35, Title 11 of the 1976 Code."

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

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