South Carolina Statutes
§ 59-146-60 — State Board of Education notification to State Fiscal Accountability Authority.
The State Board of Education, by resolution, shall notify the State Fiscal Accountability Authority of the following:
(1)the amount then required for allocation to local school districts for school facilities for the next fiscal year;
(2)a tentative time schedule setting forth the period of time during which the sum requested will be expended;
(3)a debt service table showing the annual principal and interest requirements for all state school facilities bonds then outstanding; and (4) the total amount of all state school facilities bonds issued. This notification shall be presented to the State Fiscal Accountability Authority by March first of each year.
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South Carolina § 59-146-60 (State Board of Education notification to State Fiscal Accountability Authority.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1999 Act No. 28, SECTION 1.
Nearby Sections
15
§ 59-146-10
Short title.§ 59-146-100
Tax exemption of state school facilities bonds.§ 59-146-120
Payment of principal and interest.§ 59-146-130
Sale of state school facilities bonds.§ 59-146-170
Responsibilities and duties of State Department of Education and State Board of Education.§ 59-146-180
Qualification of school districts for funds.§ 59-146-30
Definitions.§ 59-146-40
School facilities bonds.