South Carolina General Assembly
116th Session, 2005-2006

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A199, R174, S893

STATUS INFORMATION

General Bill
Sponsors: Senator McGill
Document Path: l:\council\bills\nbd\11874ac05.doc

Introduced in the Senate on May 25, 2005
Introduced in the House on May 31, 2005
Passed by the General Assembly on June 2, 2005
Governor's Action: June 7, 2005, Signed

Summary: Lower Florence County Hospital Board of Directors

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   5/25/2005  Senate  Introduced, read first time, placed on calendar without 
                        reference SJ-19
   5/25/2005  Senate  Unanimous consent for second and third readings on next 
                        two consecutive legislative days SJ-19
   5/26/2005  Senate  Read second time SJ-319
   5/26/2005  Senate  Unanimous consent for third reading on next legislative 
                        day SJ-319
   5/27/2005  Senate  Read third time and sent to House
   5/31/2005  House   Introduced, read first time, placed on calendar without 
                        reference HJ-106
    6/1/2005  House   Read second time HJ-13
    6/2/2005  House   Read third time and enrolled HJ-51
    6/2/2005          Ratified R 174
    6/7/2005          Signed By Governor
   6/13/2005          Copies available
   6/13/2005          Effective date 06/07/05
   7/20/2005          Act No. 199

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

5/25/2005
5/25/2005-A
5/31/2005


(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A199, R174, S893)

AN ACT TO AMEND ACT 1095 OF 1962, RELATING TO, AMONG OTHER THINGS, THE LOWER FLORENCE COUNTY HOSPITAL BOARD OF DIRECTORS AND THE POWERS AND DUTIES OF THE BOARD, SO AS TO ADD THE POWER TO PLEDGE THE PROCEEDS FROM FUTURE REVENUES RECEIVED AS COLLATERAL FOR THE PURPOSES OF SECURING FINANCING NECESSARY TO MAINTAIN THE OPERATIONS OF THE HOSPITAL.

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

Power to pledge proceeds from future revenues authorized

SECTION    1.    Section 5 of Act 1095 of 1962 is amended by adding at the end:

"(17)    To pledge the proceeds from future revenues received by the hospital as collateral for the purposes of securing financing necessary to maintain the operations of the hospital."

Time effective

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

Ratified the 2nd day of June, 2005.

Approved the 7th day of June, 2005.

__________


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