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A254, R128, S912
Sponsors: Senator Stephens
Document Path: l:\council\bills\cc\16068zw21.docx
Introduced in the Senate on December 6, 2021
Introduced in the House on January 12, 2022
Passed by the General Assembly on March 2, 2022
Governor's Action: March 14, 2022, Vetoed
Legislative veto action(s): Veto overridden
Summary: Local Government - Dorchester School District 4
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 12/6/2021 Senate Introduced, read first time, placed on local & uncontested calendar (Senate Journal-page 23) 12/7/2021 Senate Read second time (Senate Journal-page 410) 12/7/2021 Senate Unanimous consent for third reading on next legislative day (Senate Journal-page 410) 12/8/2021 Senate Read third time and sent to House (Senate Journal-page 2) 1/12/2022 House Introduced and read first time (House Journal-page 36) 1/12/2022 House Referred to Dorchester Delegation (House Journal-page 36) 2/17/2022 House Delegation report: Favorable Dorchester Delegation (House Journal-page 55) 2/22/2022 House Read second time (House Journal-page 12) 2/22/2022 House Roll call Yeas-xxx Nays-xxx (House Journal-page 12) 2/23/2022 House Debate adjourned on motion to reconsider vote whereby the Bill recieved second reading (House Journal-page 6) 2/24/2022 House Debate adjourned until Tues., 3-1-22 (House Journal-page 28) 3/1/2022 House Debate adjourned on motion to reconsider vote whereby the Bill received second reading until Wednesday, March 2 (House Journal-page 25) 3/2/2022 House Motion to reconsider tabled (House Journal-page 8) 3/2/2022 House Read third time and enrolled (House Journal-page 8) 3/9/2022 Ratified R 128 3/14/2022 Vetoed by Governor 3/16/2022 Senate Veto overridden by originating body Ayes-40 Nays-0 (Senate Journal-page 27) 3/30/2022 House Veto overridden Yeas-68 Nays-29 (House Journal-page 12) 4/7/2022 Effective date 03/30/22 7/25/2022 Act No. 254
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VERSIONS OF THIS BILL
(A254, R128, S912)
AN ACT TO AMEND ACT 593 OF 1992, AS AMENDED, RELATING TO THE LIMIT ON CASH RESERVES THAT MAY BE MAINTAINED BY DORCHESTER COUNTY SCHOOL DISTRICTS 2 AND 4, SO AS TO PROVIDE THAT THE LIMIT ON CASH RESERVES DOES NOT APPLY TO DORCHESTER COUNTY SCHOOL DISTRICT 4 IN FISCAL YEAR 2021-2022.
Be it enacted by the General Assembly of the State of South Carolina:
Dorchester County School District 4 exempt from cash reserves limit in Fiscal Year 2021-2022
SECTION 1. Section 3 of Act 593 of 1992, as last amended by Act 80 of 2011, is further amended to read:
"Section 3. Dorchester County School Districts 2 and 4 each may maintain a limited cash reserve not exceeding fifteen percent of the total operating budget for the respective school district for the year in which the cash reserve is maintained. The cash reserve may be funded only by any accumulation of revenue in excess of budgeted amounts and not by the levy of additional taxes as part of the budget. Monies in the cash reserve may not be used to fund any expenditure for which any general obligation bond may be issued as provided by law. The provisions of this section relating to the limit on cash reserves do not apply to Dorchester County School District 4 in Fiscal Year 2021-2022, and these cash reserves may consist of state or federal funds allocated to Dorchester County School District 4 pursuant to the 2021-2022 General Appropriations Act (Act 94 of 2021), as well as other funds."
SECTION 2. This act takes effect upon approval by the Governor.
Ratified the 9th day of March, 2022.
Vetoed by the Governor -- 3/14/22.
Veto overridden by Senate -- 3/16/22.
Veto overridden by House -- 3/30/22.
This web page was last updated on August 10, 2022 at 1:23 PM