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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 59-13-115 SO AS TO PROVIDE THAT A COMPENSATION PACKAGE OFFERED TO A SCHOOL DISTRICT SUPERINTENDENT MAY NOT INCLUDE A PROVISION THAT ALLOWS THE SUPERINTENDENT TO RECEIVE COMPENSATION THAT EXCEEDS ONE YEAR'S SALARY UPON TERMINATION OF THE CONTRACT WITH THE DISTRICT, AND TO PROVIDE THAT AN INCREASE IN SUPERINTENDENT COMPENSATION MUST BE APPROVED BY REFERENDUM.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 13, Title 59 of the 1976 Code is amended by adding:
"Section 59-13-115. A compensation package offered to a school district superintendent may not include a provision that allows the superintendent to receive compensation that exceeds one year's salary upon termination of the contract with the district. An increase in the compensation that a superintendent receives upon termination of the contract must be approved by the qualified electors of the district by referendum during a special election."
SECTION 2. This act takes effect upon approval by the Governor and applies to contracts entered into after the effective date of this act.
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