Capital Reserve Fund – Draft Bill

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Capital Reserve Fund – Draft Bill A JOINT RESOLUTION TO APPROPRIATE MONIES FROM THE CAPITAL RESERVE FUND FOR FISCAL YEAR 2020-2021. Be it enacted by the General Assembly of the State of South Carolina: SECTION 1. In accordance with the provisions of Section 36(B)(2) and (3), Article III, Constitution of South Carolina, 1895, and Section 11-11-320(C) and (D) of the 1976 Code, there is appropriated from the monies available in the Capital Reserve Fund for Fiscal Year 2020-2021 the following amounts for Maintenance and Care of State-Owned Assets: (1) H090 – The Citadel $ 2,769,530 (2) H120 – Clemson University $ 18,390,987 (3) H150 – University of Charleston $ 7,449,765 (4) H170 – Coastal Carolina University $ 6,001,232 (5) H180 – Francis Marion University $ 4,553,869 (6) H210 – Lander University $ 3,747,699 (7) H240 – SC State University $ 2,416,172 (8) H270 – USC Columbia Campus $ 24,691,754 (9) H290 – USC Aiken Campus $ 3,944,269 (10) H340 – USC Upstate Campus $ 6,647,105 (11) H360 – USC Beaufort Campus $ 1,983,250 (12) H370 – USC Lancaster Campus $ 2,080,365 (13) H380 – USC Salkehatchie Campus $ 932,537 (14) H390 – USC Sumter Campus $ 1,564,369 (15) H400 – USC Union Campus $ 1,164,209 (16) H470 – Winthrop University $ 5,595,222 (17) H510 – Medical University of South Carolina $ 2,478,185 (18) H590 – Board for Technical and Comprehensive Education: a. Trident Technical College $ 13,453,338 b. Northeastern Technical College $ 1,700,095 c. Florence Darlington Technical College $ 3,728,978 d. Greenville Technical College $ 11,791,854 e. Horry-Georgetown Technical College $ 6,486,807 f. Midlands Technical College $ 10,030,916 g. Orangeburg-Calhoun Technical College $ 2,584,660 h. Piedmont Technical College $ 5,378,761 i. Spartanburg Community College $ 4,731,718 j. Central Carolina Technical College $ 3,363,920 k. Tri-County Technical College $ 6,090,157 l. York Technical College $ 4,852,235 m. Aiken Technical College $ 1,986,760 n. Denmark Technical College $ 545,247 o. Technical College of the Lowcountry $ 2,216,092 p. Williamsburg Technical College $ 742,987 $ 176,095,044 Regulation of expenditure of appropriations for Maintenance and Care of State-Owned Assets SECTION 2. Funds appropriated in Section 1 shall be expended for the purposes of maintenance, repair, or renovation of existing state-owned facilities. Institutions shall be prohibited from using funds appropriated in Section 1 for any new construction or real property acquisitions. Posting of Appropriations SECTION 3. The Comptroller General shall post the appropriations contained in this joint resolution as provided in Section 11-11-320(D) of the 1976 Code. Unexpended funds appropriated pursuant to this joint resolution may be carried forward to succeeding fiscal years and expended for the same purposes. Time effective SECTION 4. This joint resolution takes effect thirty days after the completion of the 2020-2021 Fiscal Year in accordance with the provisions of Section 36(B)(3)(a), Article III, Constitution of South Carolina, 1895, and Section 11-11-320(D)(1) of the 1976 Code. __________ .

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