2009-2010 Bill 388: Treasurer - South Carolina Legislature ...



South Carolina General Assembly118th Session, 2009-2010A93, R68, S388STATUS INFORMATIONJoint ResolutionSponsors: Senator LeathermanDocument Path: l:\s-financ\drafting\hkl\004scei.dag.hkl.docxIntroduced in the Senate on February 5, 2009Introduced in the House on March 26, 2009Passed by the General Assembly on May 14, 2009Governor's Action: June 2, 2009, SignedSummary: TreasurerHISTORY OF LEGISLATIVE ACTIONSDateBodyAction Description with journal page number2/5/2009SenateIntroduced and read first time SJ22/5/2009SenateReferred to Committee on Finance SJ22/10/2009SenateReferred to Subcommittee: Thomas (ch), Land, Ryberg3/19/2009SenateCommittee report: Favorable Finance SJ13/24/2009SenateRead second time SJ273/25/2009SenateRead third time and sent to House SJ123/26/2009HouseIntroduced and read first time HJ93/26/2009HouseReferred to Committee on Ways and Means HJ104/30/2009HouseRecalled from Committee on Ways and Means HJ515/13/2009HouseRead second time HJ75/14/2009HouseRead third time and enrolled HJ275/27/2009Ratified R 686/2/2009Signed By Governor6/11/2009Effective date 06/02/097/21/2009Act No.?93VERSIONS OF THIS BILL2/5/20093/19/20094/30/2009(A93, R68, S388)A JOINT RESOLUTION TO DIRECT THE STATE TREASURER’S OFFICE TO PROVIDE FINANCING ARRANGEMENTS THROUGH THE MASTER LEASE PROGRAM FOR ANY AGENCY THAT HAS NOT PAID IN FULL FOR ITS SOUTH CAROLINA ENTERPRISE INFORMATION SYSTEM (SCEIS) IMPLEMENTATION COSTS AND HAS NOT UTILIZED THE AGENCY’S SETASIDE ACCOUNT TO MEET ITS OBLIGATIONS, TO PROVIDE THAT THE AMOUNTS AND TIMING OF LEASE PAYMENTS BY AN AGENCY SHALL BE DETERMINED BY THE STATE TREASURER’S OFFICE IN COOPERATION WITH THE SCEIS EXECUTIVE OVERSIGHT COMMITTEE, TO REQUIRE AN AGENCY TO MEET ALL OF ITS SCEIS FINANCIAL OBLIGATIONS, AND TO PROVIDE WHEN AN AGENCY MAY WITHDRAW FUNDS FROM ITS SCEIS SETASIDE ACCOUNT.Be it enacted by the General Assembly of the State of South Carolina:Agency payments of Master Lease Program obligations, directing State Treasurer to provide certain financingSECTION1.(A)The State Treasurer’s Office shall provide financing arrangements through the State Treasurer’s Master Lease Program for any agency that has not paid in full for its South Carolina Enterprise Information System (SCEIS) implementation costs and has not utilized the agency’s setaside account, pursuant to Section 115310 of the 1976 Code, to meet its obligations. The amounts and timing of lease payments by an agency shall be determined by the State Treasurer’s Office in cooperation with the SCEIS Executive Oversight Committee, in accordance with the SCEIS implementation plan. An agency will be provided a lease payment schedule based upon the agency’s implementation share plus any interest or costs associated with the lease. During the lease period, each agency must establish and deposit funds sufficient to support lease payments when due into the agency’s SCEIS setaside account. The Treasurer’s Office is authorized to transfer funds for lease payments from an agency’s SCEIS setaside account in accordance with the lease payment schedule. Should the funds contained in the agency’s SCEIS setaside account not be sufficient to make the required lease payments, the Treasurer’s Office is authorized to transfer funds from any other funds of the respective agency to satisfy the required lease payments. (B)An agency must meet all of its SCEIS financial obligations, including making all payments required by its master lease obligation. However, any agency may withdraw funds in the agency’s setaside account, pursuant to Section 115310, that have been deposited by the respective agency prior to February 1, 2009, to be used to offset midyear budget reductions if:(1)the agency provides written justification to the Office of State Budget; (2)the justification shows how the withdrawal of funds will be used to directly impact the life and safety role of the agency as to its clients, service recipients, or the public;(3)the agency certifies that it will meet all of its SCEIS financial obligations, including making all payments required by its master lease obligation; and(4)the agency has not implemented the finance and procurement components of SCEIS prior to February 1, 2009.An agency is determined to have met all of its SCEIS financial obligations if it enters into a financing agreement with the State Treasurer, pursuant to subsection (A), and it makes all payments required by its master lease obligation.Time effectiveSECTION2.This joint resolution takes effect upon approval by the Governor.Ratified the 27th day of May, 2009.Approved the 2nd day of June, 2009. __________ ................
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