School bond and tax elections in South Carolina
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School bond and tax elections in South Carolina happen under two circumstances:
- To issue new bonding.
- To exceed the state mandated fifteen mill levy limit.
Laws affecting school finance
South Carolina bond issue law
South Carolina, like Nevada structures its school boards at the county level and not by municipality[1]. A County Board of Education is required to have a ballot question for the voters of the school district to issue new bonding under South Carolina Law[2] [3].
Under the law, all bonds must be sold at normal par value and have a mandatory, maximum maturity date of twenty-five years[4]. The first maturity for the bonds is after three years when the bonds were issued.
School bonds in South Carolina can be used for capital improvements which include building new facilities, improving existing facilities, and facility acquisition[5].
South Carolina levy law
Under South Carolina law, school districts are required to hold levy elections if a school district exceeds the fifteen mill limit[6]. South Carolina is one of three states that expresses levy formulas using the basic mill rate formula over a lengthy formula.
Rules of election, conduct, etc
Authority conducting elections
The local County elections commission is responsible for holding school bond elections[7].
Election dates
There are no restrictions in South Carolina in when an election involving school bonds or school levy caps can be held[8].
Needed majority
Only a simple majority is required to passing a ballot measure involving ballot measures or exceeding the levy limit[9].
Special elections
All referendums in South Carolina regardless when its scheduled are considered to be special elections in South Carolina[10].
Wording of measures
There are no restrictions under South Carolina law for how ballot questions should be worded, but a explanation of the ballot question must be submitted when disclosing the question to the media by the forty-five day media release mandate[11]. .
Required notice of bond election
A minimum of fifteen days public notice is required for bond elections in South Carolina while fourteen days is required for levy elections[12] [13]. There is no mandatory elapse requirement for school districts in South Carolina from when they approve a resolution to when the date of the election is.
However, the language of the ballot question must be submitted to the local media forty-five days before the election[14].
External links
References
- ↑ "South Carolina State House" South Carolina Bond Issue Law(Referenced Statute 59-71-20 (4))
- ↑ "South Carolina State House" South Carolina Bond Issue Law(Referenced Statute 59-71-30 (1)(3))
- ↑ "South Carolina State House" South Carolina Bond Issue Law(Referenced Statute 59-71-140)
- ↑ "South Carolina State House" South Carolina Bond Issue Law(Referenced Statute 59-71-70)
- ↑ "South Carolina State House" South Carolina Bond Issue Law(Referenced Statute 59-71-20 (3))
- ↑ "South Carolina State House" South Carolina Lev Law(Referenced Statute 59-73-40)
- ↑ "South Carolina State House" South Carolina Election Law(Referenced Statute 7-13-72)
- ↑ "South Carolina State House" South Carolina Bond Issue Law(Referenced Statute 59-71-40)
- ↑ "South Carolina State House" South Carolina Lev Law(Referenced Statute 59-73-60)
- ↑ "South Carolina State House" South Carolina Election Law(Referenced Statute 7-1-20)
- ↑ "South Carolina State House" South Carolina Lev Law(Referenced Statute 7-1-100)
- ↑ "South Carolina State House" South Carolina Lev Law(Referenced Statute 59-73-40)
- ↑ "South Carolina State House" South Carolina Lev Law(Referenced Statute 59-71-60)
- ↑ "South Carolina State House" South Carolina Lev Law(Referenced Statute 7-1-100)
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