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TO AMEND SECTION 6-34-30, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEFINITIONS APPLICABLE TO THE SOUTH CAROLINA RETAIL FACILITIES REVITALIZATION ACT, SO AS TO REDUCE THE MINIMUM SQUARE FOOTAGE REQUIREMENT CONTAINED IN THE DEFINITION OF "ELIGIBLE SITE".
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 6-34-30(2) of the 1976 Code, as added by Act 285 of 2006, is amended to read:
"(2) 'Eligible site' means a shopping center, mall, or free standing freestanding site whose primary use was as a retail sales facility with at least one tenant or occupant located in a forty twenty-five thousand square foot or larger building or structure. To qualify as an eligible site, the shopping center, mall, or freestanding site must be abandoned. During the abandonment, the eligible site may serve as a wholesale facility, provided the site serves as a wholesale facility for no more than one year."
SECTION 2. This act takes effect upon approval by the Governor.
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