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2022 South Carolina Code of Laws
Title 59 - Education
Chapter 146 - State School Facilities Bonds Act
Section 59-146-60. State Board of Education notification to State Fiscal Accountability Authority.
Universal Citation: SC Code § 59-146-60 (2022)
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.
HISTORY: 1999 Act No. 28, Section 1.
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