Lawmakers in South Carolina have filed several bond-related bills ahead of the state’s 2011 legislative session.
One bill would require that school board elections involving bond authorizations coincide with a general election or primary election.
A notice of the election must be published in a local newspaper and include the amount of bonds to be issued and a description of how the proceeds will be spent, according to the bill, sponsored by Rep. J.R. Smith and others. It was pre-filed with the House Committee on Education and Public Works and the Judiciary Committee.
A second bill pertains to the South Carolina Jobs-Economic Development Authority, the state’s second-largest issuer in 2009. The authority issues revenue bonds and loans the proceeds to businesses to stimulate job growth.
If passed, the bill, sponsored by Rep. Chip Huggins, would broaden the “type and scope” of the economic benefits to the state that can be funded with the authority’s debt.
The agency last issued bonds in February — a $41.1 million refunding deal for AnMed Health.