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Session 122 - (2017-2018)Printer Friendly
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H*3927 (Rat #0117) General Bill, By Simrill, Herbkersman, J.E. Smith, Bernstein, G.M. Smith and Weeks
Summary: Interest rates on bonds approved by Fiscal Accountability Authority
    AN ACT TO AMEND SECTION 41-43-100, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE POWER OF THE STATE FISCAL ACCOUNTABILITY AUTHORITY TO ISSUE CERTAIN BONDS TO FINANCE INDUSTRIAL DEVELOPMENT PROJECTS UNDER THE SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT FUND ACT, SO AS TO DELETE THE REQUIREMENT THAT THE AUTHORITY APPROVE INTEREST RATES ON SUCH BONDS AND TO SPECIFY APPROVAL OF SUCH INTEREST RATES BY THE SOUTH CAROLINA COORDINATING COUNCIL FOR ECONOMIC DEVELOPMENT IS NOT REQUIRED; TO AMEND SECTION 41-43-110, AS AMENDED, RELATING TO THE POWER OF THE AUTHORITY TO ISSUE CERTAIN BONDS UNDER THE SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT FUND ACT, SO AS TO MAKE CONFORMING CHANGES, TO PROVIDE THE AUTHORITY ANNUALLY SHALL REPORT RELATED ACTIVITIES TO THE JOINT BOND REVIEW COMMITTEE, AND TO PROVIDE THE AUTHORITY SHALL PUBLISH LISTS OF BONDS APPROVED BY THE AUTHORITY AND RELEVANT INFORMATION ON ITS WEBSITE; AND TO MAKE THE PROVISIONS OF THIS ACT EFFECTIVE JUNE 1, 2017. - ratified title
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03/07/17House Introduced and read first time (House Journal-page 77)
03/07/17House Referred to Committee on Ways and Means (House Journal-page 77)
03/07/17House Member(s) request name added as sponsor: J.E.Smith, Bernstein
03/08/17House Member(s) request name added as sponsor: G.M.Smith, Weeks
03/22/17House Committee report: Favorable Ways and Means (House Journal-page 44)
03/23/17House Read second time (House Journal-page 36)
03/23/17House Roll call Yeas-99 Nays-5 (House Journal-page 36)
03/23/17House Unanimous consent for third reading on next legislative day (House Journal-page 38)
03/23/17 Scrivener's error corrected
03/24/17House Read third time and sent to Senate (House Journal-page 2)
03/29/17Senate Introduced and read first time (Senate Journal-page 14)
03/29/17Senate Referred to Committee on Labor, Commerce and Industry (Senate Journal-page 14)
04/27/17Senate Committee report: Favorable with amendment Labor, Commerce and Industry
05/03/17Senate Committee Amendment Adopted (Senate Journal-page 46)
05/04/17Senate Read second time (Senate Journal-page 23)
05/04/17Senate Roll call Ayes-39 Nays-0 (Senate Journal-page 23)
05/08/17Senate Read third time and returned to House with amendments (Senate Journal-page 17)
05/10/17House Concurred in Senate amendment and enrolled (House Journal-page 30)
05/10/17House Roll call Yeas-102 Nays-3 (House Journal-page 30)
05/15/17 Ratified R 117
05/19/17 Signed By Governor
05/25/17 Effective date 5/19/17



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