H*4011(Rat #0643, Act #0636 of 1980)  General Bill, By R.L. Carter, 
P.T. Bradley, R.L. Cobb, H.C. Granger, S.H. Howard, B.E. Huff, T.M. Marchant, 
L. Phillips and R.L. Rigdon
 A Bill to amend Act 919 of 1928, as amended, relating to the powers and duties
 of the Greenville Airport Commission, so as to provide that the Commission may
 borrow money, issue bonds or notes and mortgage its assets.

   05/22/80  House  Introduced, read first time, placed on calendar
                     without reference HJ-3005
   05/27/80  House  Amended HJ-3209
   05/27/80  House  Read second time HJ-3209
   05/28/80  House  Read third time and sent to Senate HJ-3242
   05/28/80  Senate  INTD. & PLACED ON LOC. & UNCONTESTED CAL. W/O
                     REFERENCE SJ-30
   06/16/80  Senate Read second time SJ-42
   06/17/80  Senate Read third time and enrolled SJ-7
   06/17/80  House  Ratified R 643 HJ-3915
   06/23/80         Vetoed by Governor
   06/24/80  House   VETO MESSAGE RECEIVED HJ-3921
   08/28/80  Senate  VETO MESSAGE RECEIVED SJ-14
   08/28/80  House  Veto overridden by originating body Yeas-101 
                     Nays-5 HJ-3997
   08/28/80  Senate Veto overridden YEAS  31 NAYS   0 SJ-14
   08/28/80         Effective date 08/28/80
   08/28/80         Act No. 636
   09/15/80         Copies available

AN ACT TO AMEND ACT 919 OF 1928, AS AMENDED, RELATING TO THE POWERS AND DUTIES OF THE GREENVILLE AIRPORT COMMISSION, SO AS TO PROVIDE THAT THE COMMISSION MAY BORROW MONEY, ISSUE BONDS OR NOTES AND MORTGAGE ITS ASSETS.

Be it enacted by the General Assembly of the State of South Carolina:

Commission may borrow money, issue bonds, etc.

Section 1. Section 4 of Act 919 of 1928, as last amended by Act 844 of 1954, is further amended by adding at the end:

"The Commission may borrow money, issue negotiable bonds, notes and other evidences of indebtedness payable solely from the revenue derived from the operation of any revenue-producing facility under its jurisdiction and may mortgage or pledge any assets owned by the Commission in connection with such indebtedness. The money may be borrowed to pay costs incident to the operation and maintenance of the airport facility or for any extension, addition or improvement to its facility. Neither the faith and credit of the State nor of the City or County of Greenville shall be pledged for the payment of any such obligations and neither the members of the Commission nor any person signing such obligations shall be personally liable therefor. The total indebtedness authorized by the section shall not exceed one million dollars."

Time Effective

Section 2. This act shall take effect upon approval by the Governor.