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S. 759
STATUS INFORMATION
General Bill
Sponsors: Senator Hayes
Document Path: l:\council\bills\dka\3728dw09.docx
Introduced in the Senate on April 28, 2009
Introduced in the House on April 30, 2009
Tabled by the House on May 20, 2009
Summary: Fort Mill School District No. 4
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 4/28/2009 Senate Introduced, read first time, placed on local & uncontested calendar SJ-5 4/29/2009 Senate Read second time SJ-12 4/29/2009 Senate Unanimous consent for third reading on next legislative day SJ-12 4/30/2009 Senate Read third time and sent to House SJ-26 4/30/2009 House Introduced and read first time HJ-160 4/30/2009 House Referred to York Delegation HJ-160 5/19/2009 House Delegation report: Favorable York Delegation HJ-7 5/20/2009 House Tabled HJ-20
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
4/28/2009
4/28/2009-A
5/19/2009
COMMITTEE REPORT
May 19, 2009
S. 759
S. Printed 5/19/09--H.
Read the first time April 30, 2009.
To whom was referred a Bill (S. 759) to authorize the board of trustees of Fort Mill School District No. 4 of York County to issue general obligation bonds of the district for the purpose of paying costs of operation, etc., respectfully
That they have duly and carefully considered the same and recommend that the same do pass:
HERB KIRSH for Committee.
TO AUTHORIZE THE BOARD OF TRUSTEES OF FORT MILL SCHOOL DISTRICT NO. 4 OF YORK COUNTY TO ISSUE GENERAL OBLIGATION BONDS OF THE DISTRICT FOR THE PURPOSE OF PAYING COSTS OF OPERATION AND MAINTENANCE OF CERTAIN ELEMENTARY SCHOOLS, TO REQUIRE THESE BONDS TO MATURE IN NO MORE THAN FIVE YEARS, TO REQUIRE THAT THE BONDS BE AUTHORIZED BY RESOLUTION OF THE BOARD OF TRUSTEES AFTER AN AUTHORIZATION BY A FAVORABLE VOTE OF THE QUALIFIED ELECTORS OF THE DISTRICT, TO PROVIDE THAT THE BONDS MAY BE SOLD BY PUBLIC OR PRIVATE SALE, AND TO PROVIDE OTHER MATTERS RELATED TO THE AUTHORIZATION AND SALE OF THE BONDS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. (A) Notwithstanding another provision of law, the board of trustees of Fort Mill School District No. 4 of York County, subject to the requirements of Section 15, Article X of the Constitution of this State, may issue general obligation bonds of the district for the purpose of defraying costs of operation and maintenance of Sugar Creek Elementary School and Pleasant Knoll Elementary School after a favorable referendum of the qualified electors of the school district as provided in subsection (B). Bonds used for this purpose must mature in no more than five years. The bonds must be authorized by a resolution adopted by the board of trustees of the district and may be sold at public or private sales as determined by the board of trustees of the district. The district otherwise may utilize the provisions of Chapter 71, Title 59 and Section 11-27-50, Code of Laws of South Carolina, 1976, as amended, to sell and issue the bonds.
(B) The York County Election Commission shall conduct a referendum on the question of issuing general obligation bonds. Notice of the election must be provided in the manner provided by the general election law except that the first notice may not be later than thirty-five days before the election and the second notice must not be later than two weeks after the first notice. The notice must include the questions to be voted upon. Expenses of the referendum must be paid by the school district.
(C) The question to be voted upon in the referendum must read substantially as follows:
"Shall Fort Mill School District No. 4 of York County issue general obligation bonds, not to mature longer than five years, with the proceeds to be used for the purpose of defraying cost of operation and maintenance of Sugar Creek Elementary School and Pleasant Knoll Elementary School?
The ballot may contain, in the discretion of the board, a short explanation of the question to be voted upon in this referendum.
(D) All qualified electors desiring to vote in favor of issuing the general obligation bonds shall vote "yes" and all qualified electors opposed to the particular purpose shall vote "no". Upon receipt of the returns of the referendum, the election commission shall certify the results and file the certification with the York County Clerk of Court. The certified result of the referendum is not open to question except by a civil action instituted within twenty days of the filing of the certificate with the clerk of court. If a majority of the votes cast are in favor of imposing the tax, then the tax is imposed as provided in this act; otherwise, the tax is not imposed. A referendum on imposition of the tax authorized in this act may not be held more than once in a period of twelve consecutive months.
SECTION 2. This act takes effect upon approval by the Governor.
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