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TO AMEND SECTION 4-9-82, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE TRANSFER OF ASSETS BY A HOSPITAL PUBLIC SERVICE DISTRICT, SO AS TO PROVIDE THAT THE TERM "TRANSFER" DOES NOT INCLUDE ENTRY INTO A LEASE OR A MANAGEMENT AGREEMENT BY A HOSPITAL PUBLIC SERVICE DISTRICT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 4-9-82 of the 1976 Code, as last amended by Act 94 of 1999, is further amended by adding an appropriately lettered subsection at the end to read:
"( ) For purposes of this section, the term 'transfer' does not include entry by the hospital public service district into a lease or a management agreement, regardless of the length of the term of the lease or management agreement."
SECTION 2. This act takes effect upon approval by the Governor.
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