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COMMITTEE REPORT
May 21, 2015
S. 350
Introduced by Senators Campbell, Malloy, Setzler, Scott, Alexander, Hembree, O'Dell, Hayes, Grooms, Cleary, Williams, Bennett, Johnson, Hutto, L. Martin, Fair, Turner, Allen, Matthews, Peeler, Lourie, Courson, Coleman, Jackson, McElveen, Shealy, Sabb, Kimpson, Nicholson and Sheheen
S. Printed 5/21/15--H. [SEC 5/26/15 4:20 PM]
Read the first time March 17, 2015.
To whom was referred a Bill (S. 350) to amend Section 4 of Act 314 of 2000, as last amended by Act 248 of 2010 to terminate the provisions of the South Carolina Community Economic Development Act on June, etc., respectfully
That they have duly and carefully considered the same and recommend that the same do pass:
W. BRIAN WHITE for Committee.
TO AMEND SECTION 4 OF ACT 314 OF 2000, AS LAST AMENDED BY ACT 248 OF 2010, TO TERMINATE THE PROVISIONS OF THE SOUTH CAROLINA COMMUNITY ECONOMIC DEVELOPMENT ACT ON JUNE 30, 2020.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 4 of Act 314 of 2000, as last amended by Act 248 of 2010, is further amended to read:
"SECTION 4. Unless reauthorized by the General Assembly, the provisions of this act shall terminate on June 30, 2015 2020, and this act and all other laws and regulations governing, authorizing, and otherwise dealing with community development corporations and community development financial institutions are deemed repealed on that date."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on May 26, 2015 at 4:20 PM