South Carolina House Bill 3828 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on March 31 2009 - 25% progression, died in committee
Action: 2009-03-31 - Referred to Committee on Education and Public Works HJ-66
Pending: House Education and Public Works Committee

A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, SO AS TO ENACT THE "COMMUNITY SCHOOLS INVESTMENT ACT" BY ADDING SECTION 59-17-160 SO AS TO ALLOW EACH SCHOOL DISTRICT OF THE STATE TO CREATE A 501(c)(3) NONPROFIT FOUNDATION TO ACCEPT MONEY, PROPERTY, AND OTHER GIFTS DONATED TO THE DISTRICT AND TO RAISE FUNDS AND ACQUIRE REAL AND PERSONAL PROPERTY ON BEHALF OF THE DISTRICT; TO PROVIDE FOR THE COMPOSITION OF THE FOUNDATION; TO PROVIDE THAT CONTRIBUTIONS AND FUNDS RAISED ON BEHALF OF THE DISTRICT MAY BE USED ONLY FOR NONOPERATIONAL PURPOSES; TO PROVIDE FOR THE NAMING OF BUILDINGS AND OTHER SPECIAL PROJECTS UNDERTAKEN WITH FUNDS PROVIDED BY THE FOUNDATION AFTER BENEFACTORS OF THE FOUNDATION UPON CERTAIN CONDITIONS; AND TO PROVIDE THAT CONTRIBUTIONS RECEIVED BY THE FOUNDATION ARE TAX DEDUCTIBLE CHARITABLE OR BENEVOLENT CONTRIBUTIONS FOR INCOME TAX PURPOSES.

Allow Each School District Of The State To Create A 501(c)(3) Nonprofit Foundation To Accept Money, Property, And Other Gifts Donated To The District And To Raise Funds And Acquire Real And Personal Property On Behalf Of The District; To Provide For The Composition Of The Foundation; To Provide That Contributions And Funds Raised On Behalf Of The District May Be Used Only For Nonoperational Purposes; To Provide For The Naming Of Buildings And Other Special Projects Undertaken With Funds Provided By The Foundation After Benefactors Of The Foundation Upon Certain Conditions; And To Provide That Contributions Received By The Foundation Are Tax Deductible Charitable Or Benevolent Contributions For Income Tax Purposes.

Rep. Jeff Duncan [R]

Date	Chamber	Action
2009-03-31		Referred to Committee on Education and Public Works HJ-66
2009-03-31		Introduced and read first time HJ-66

Chapter	Article	Section	Citation Type	Statute Text
59	17	160	(n/a)	See Bill Text

Type	Source
Summary	https://www.scstatehouse.gov/cgi-bin/web_bh10.exe?bill1=3828&session=118