EXPLANATION: Authorizing the use of the Rural Infrastructure Bank Trust Fund.
Amend the bill, as and if amended, Part IB, Section 81,
DEPARTMENT OF REVENUE, page 477, paragraph 81.3, line 7, by
/All monies in the Rural Infrastructure Bank Trust Fund under the Budget and Control Board, Office of Local Government, including those deposited in the fund pursuant to the provisions of this paragraph, must be transferred during fiscal year 2011-2012 to the Rural Infrastructure Fund of the South Carolina Rural Infrastructure Authority established pursuant to Chapter 50 of Title 11 and administered by the Office of Local Government under the Budget and Control Board to be used for the purposes of the Rural Infrastructure Authority, which involve providing financial assistance for qualified rural infrastructure projects to include facilities and appurtenances to meet public health and environmental standards, to develop trade, commerce, and industry, to provide for potable water and wastewater services, and to provide for emergency preparedness infrastructure./
Renumber sections to conform.
Amend totals and titles to conform.