(Doc Name h:\legwork\house\amend\H-WM\008\RURAL INFRASTRUCTURE FUND TRANSFER.DOCX):
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
inserting:
/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.