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Indicates Matter Stricken
Indicates New Matter
S. 1429
STATUS INFORMATION
General Bill
Sponsors: Senator Elliott
Document Path: l:\council\bills\gjk\20734sd08.doc
Introduced in the Senate on May 28, 2008
Introduced in the House on June 4, 2008
Last Amended on May 29, 2008
Currently residing in the House Committee on Ways and Means
Summary: Revenue Bond Act
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 5/28/2008 Senate Introduced, read first time, placed on calendar without reference SJ-5 5/29/2008 Senate Amended SJ-191 5/29/2008 Senate Read second time SJ-191 6/3/2008 Senate Read third time and sent to House SJ-29 6/4/2008 House Introduced and read first time HJ-15 6/4/2008 House Referred to Committee on Ways and Means HJ-15
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
5/28/2008
5/28/2008-A
5/29/2008
Indicates Matter Stricken
Indicates New Matter
AMENDED
May 29, 2008
S. 1429
S. Printed 5/29/08--S.
Read the first time May 28, 2008.
TO AMEND SECTION 6-21-180, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO ACCEPTANCE OF FEDERAL LOANS AND GRANTS UNDER THE REVENUE BOND ACT FOR UTILITIES, SO AS TO PERMIT MORTGAGES TO FEDERAL AGENCIES IN CERTAIN CIRCUMSTANCES.
Amend Title To Conform
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Under the revenue bond act for utilities in the case of a special purpose district providing hospital, nursing home, or care facilities in a county with more than fourteen million dollars in accommodations tax collections for the most recent fiscal year, the special purpose district is authorized to provide a mortgage on any real or personal property to secure its bonds or loan by any federal agency or guarantee if the federal agency provides a guarantee of any such loan securing the bonds."
SECTION 2. This act takes effect upon approval by the Governor.
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