S*0928(Rat #0220, Act #0202 of 2018)  General Bill, By Scott, Jackson, McLeod, 
Campbell and Johnson
 AN ACT TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION
 6-1-180 SO AS TO DELINEATE THE CONDITIONS UNDER WHICH SPECIAL PURPOSE
 DISTRICTS MAY TRANSFER OWNERSHIP OF WORKS OF ART ACQUIRED BY GIFT, BEQUEST,
 PURCHASE, OR BY OTHER MEANS TO NONPROFIT CORPORATIONS ORGANIZED FOR THE
 PURPOSE OF DISPLAYING WORKS OF ART. - ratified title

   01/24/18  Senate Introduced and read first time (Senate Journal-page 4)
   01/24/18  Senate Referred to Committee on Judiciary
                     (Senate Journal-page 4)
   02/08/18  Senate Referred to Subcommittee: Talley (ch), McLeod, Senn
   03/14/18  Senate Committee report: Favorable with amendment
                     Judiciary (Senate Journal-page 10)
   03/20/18  Senate Committee Amendment Adopted (Senate Journal-page 31)
   03/20/18  Senate Read second time (Senate Journal-page 31)
   03/20/18  Senate Roll call Ayes-43  Nays-0 (Senate Journal-page 31)
   03/21/18  Senate Read third time and sent to House
                     (Senate Journal-page 20)
   03/22/18  House  Introduced and read first time (House Journal-page 4)
   03/22/18  House  Referred to Committee on Judiciary
                     (House Journal-page 4)
   05/03/18  House  Committee report: Favorable with amendment
                     Judiciary (House Journal-page 44)
   05/04/18         Scrivener's error corrected
   05/09/18  House  Amended (House Journal-page 82)
   05/09/18  House  Read second time (House Journal-page 82)
   05/09/18  House  Roll call Yeas-99  Nays-0 (House Journal-page 83)
   05/10/18  House  Read third time and returned to Senate with
                     amendments (House Journal-page 15)
   05/10/18  Senate Concurred in House amendment and enrolled
                     (Senate Journal-page 51)
   05/10/18  Senate Roll call Ayes-41  Nays-0 (Senate Journal-page 51)
   05/14/18         Ratified R 220
   05/18/18         Signed By Governor
   05/24/18         Effective date 05/18/18
   05/31/18         Act No. 202

(A202, R220, S928)

AN ACT TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 6-1-180 SO AS TO DELINEATE THE CONDITIONS UNDER WHICH SPECIAL PURPOSE DISTRICTS MAY TRANSFER OWNERSHIP OF WORKS OF ART ACQUIRED BY GIFT, BEQUEST, PURCHASE, OR BY OTHER MEANS TO NONPROFIT CORPORATIONS ORGANIZED FOR THE PURPOSE OF DISPLAYING WORKS OF ART.

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

Conditions under which special purpose districts may transfer works of art

SECTION    1.    Article 1, Chapter 1, Title 6 of the 1976 Code is amended by adding:

"Section 6-1-180.    (A)    Notwithstanding another provision of law, a special purpose district that has acquired a work of art by gift, bequest, purchase, or other means, may transfer ownership of the object:

(1)    to a nonprofit corporation organized for the purpose of displaying works of art for the public; and

(2)    for the consideration and upon the terms the governing body of the special purpose district, in its discretion, finds to be sufficient and appropriate.

(B)    A transfer of a work of art by a special purpose district to a nonprofit corporation pursuant to this section must be documented by written agreement in which the nonprofit corporation must covenant that money proceeds, if any, which arise from its subsequent transfer of a work of art must be held by the nonprofit corporation and expended solely in furtherance of its purpose of displaying works of art for the public."

Time effective

SECTION    2.    This act takes effect upon approval by the Governor.

Ratified the 14th day of May, 2018.

Approved the 18th day of May, 2018.