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S. 969
STATUS INFORMATION
General Bill
Sponsors: Senators McConnell and Ford
Document Path: l:\council\bills\dka\3772dw04.doc
Introduced in the Senate on February 17, 2004
Currently residing in the Senate Committee on Education
Summary: Transferring all administrative, financial, etc. functions of the Old Exchange Building from the City of Charleston to the Old Exchange Building Commission
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 2/17/2004 Senate Introduced and read first time SJ-6 2/17/2004 Senate Referred to Committee on Education SJ-6
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 51-19-30 SO AS TO TRANSFER ALL ADMINISTRATIVE, ACCOUNTING, MANAGEMENT, MARKETING, AND OPERATING FUNCTIONS OF THE OLD EXCHANGE BUILDING FROM THE CITY OF CHARLESTON TO THE OLD EXCHANGE BUILDING COMMISSION AND TO REQUIRE ALL REVENUES RECEIVED AS A RESULT OF OPERATING THE BUILDING MUST BE USED TO ENSURE THAT THE BUILDING IS FINANCIALLY SELF-SUFFICIENT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 19, Title 51 of the 1976 Code is amended by adding:
"Section 51-19-30. (A) Notwithstanding another provision of this chapter, effective July 1, 2004, all administrative, accounting, management, marketing, and operating functions of the Old Exchange Building are transferred to the State of South Carolina to be implemented by the Old Exchange Building Commission.
(B) All revenues received as a result of operating the building must be used to guarantee that the building is financially self-sufficient."
SECTION 2. This act takes effect upon approval by the Governor.
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