Download This Version in Microsoft Word format
TO AMEND SECTION 59-53-1784, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DISPOSAL OF SURPLUS PROPERTY BY THE MIDLANDS TECHNICAL COLLEGE ENTERPRISE CAMPUS AUTHORITY, SO AS TO REQUIRE THE AUTHORITY TO FILE CERTAIN DOCUMENTS WITH THE STATE FISCAL ACCOUNTABILITY AUTHORITY; TO AMEND ACT 189 OF 2018, RELATING TO THE DISPOSAL OF SURPLUS PROPERTY BY THE MIDLANDS TECHNICAL COLLEGE ENTERPRISE CAMPUS AUTHORITY, SO AS TO PERMANENTLY AUTHORIZE THE ACT AND TO REPEAL THE SUNSET PROVISION.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 59-53-1784(C) of the 1976 Code is amended to read:
"(C)(1) The authority is exempt from all regulations and general laws including, but not limited to, Sections 1-11-58 and 1-11-65, governing disposal of surplus government property, whether real, personal, or mixed.
(2) The exemption provided in item (1) includes an exemption for the sale of real property but only if the sale is for a price not less than a market value determined by an appraisal conforming to the Department of Administration's appraisal standards and the transfer of title is by quit claim deed. After the recording of the deed for the sold real property, the authority shall file with the Department of Administration and the State Fiscal Accountability Authority a copy of the recorded deed and a copy of the appraisal."
SECTION 2. The authority of the Midlands Technical College Enterprise Campus Authority to dispose of surplus property, as established by Act 189 of 2018 and contained in Section 59-53-1784(C) of the 1976 Code, and as amended by SECTION 1 of this act, is permanently enacted by the provisions of this act.
SECTION 3. SECTION 2 of Act 189 of 2018 is repealed.
SECTION 4. This act takes effect upon approval by the Governor.
This web page was last updated on December 11, 2020 at 9:53 PM