South Carolina General Assembly
116th Session, 2005-2006

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Bill 893

Indicates Matter Stricken
Indicates New Matter

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INTRODUCED

May 25, 2005

S. 893

Introduced by Senator McGill

S. Printed 5/25/05--S.

Read the first time May 25, 2005.

            

A BILL

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:

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."

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

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