Bill 4507

                    Current Status

Bill Number:                    4507
Ratification Number:            378
Act Number:                     313
Type of Legislation:            General Bill GB
Introducing Body:               House
Introduced Date:                19980127
Primary Sponsor:                Davenport 
All Sponsors:                   Davenport 
Drafted Document Number:        psd\7000jm.98
Date Bill Passed both Bodies:   19980514
Date of Last Amendment:         19980226
Governor's Action:              S
Date of Governor's Action:      19980526
Subject:                        Contractors, unpaid debts under
                                still-valid license; statement to list
                                certain financial information;
                                Construction

Body    Date      Action Description                       Com     Leg Involved
______  ________  _______________________________________  _______ ____________

------  19980611  Act No. A313
------  19980526  Signed by Governor
------  19980521  Ratified R378
Senate  19980514  Read third time, enrolled for
                  ratification
Senate  19980513  Read second time
Senate  19980414  Committee report: Favorable              12 SLCI
Senate  19980303  Introduced, read first time,             12 SLCI
                  referred to Committee
House   19980227  Read third time, sent to Senate
House   19980226  Read second time, unanimous consent
                  for third reading on the next
                  Legislative day
House   19980226  Amended
House   19980225  Committee report: Favorable with         26 HLCI
                  amendment
House   19980127  Introduced, read first time,             26 HLCI
                  referred to Committee

(A313, R378, H4507)

AN ACT TO AMEND CHAPTER 11, TITLE 40, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE REGULATION OF CONTRACTORS AS A PROFESSION, BY ADDING SECTION 40-11-165 SO AS TO PROVIDE THAT A PERSON WHO IS OR HAS BEEN LICENSED PURSUANT TO THIS CHAPTER WHO LEAVES THE STATE WITH UNPAID DEBTS AND SUBSEQUENTLY RETURNS AND SEEKS LICENSURE AGAIN, OR TO DO BUSINESS AGAIN UNDER A STILL-VALID, PREVIOUSLY ISSUED LICENSE, SHALL FILE A SIGNED, NOTARIZED STATEMENT LISTING CERTAIN FINANCIAL INFORMATION, AND TO PROVIDE FOR RELATED MATTERS.

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

Listing of outstanding debts, bankruptcies; etc.

SECTION 1. The 1976 Code is amended by adding:

Section 40-11-165. Notwithstanding any other provision of law, a person who is or has been licensed pursuant to the provisions of this chapter who leaves this State with unpaid debts and subsequently returns to the State and seeks to become licensed in this State again, or to do business again in this State under the authority of a still-valid license previously issued under this chapter, shall file with the board a signed, notarized statement listing (1) all outstanding debts the person, or any subsidiary of the person, owes with respect to having done business previously in this State and (2) all bankruptcies which the person, or any subsidiary of the person, has been involved in at any time and place. The board is authorized to refuse to issue a license to the person, and is also authorized to revoke the person's still-valid license, as the case may be, based upon the information contained in the signed, notarized statement required by this section.

Time effective

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

Approved the 26th day of May, 1998.