Rep. PITTS proposes the following Amendment No. 1 to H. 3083 (COUNCIL\DKA\3601SD11):

Reference is to Printer's Date 4/6/11--H.

Amend the bill, as and if amended, by striking all after the enacting words and inserting:

/ SECTION      1.      Section 7 of Act 200 of 2002 is amended to read:

     "SECTION      7.      Chapter 59, Title 48 of the 1976 Code and Sections 2 through 6 of this act are repealed effective July 1, 2013 2023, unless reenacted or otherwise extended by the General Assembly. However, the South Carolina Conservation Bank established by this act may continue to operate as if Chapter 59, Title 49 48 of the 1976 Code was not repealed until the South Carolina Conservation Bank Trust Fund is exhausted or July 1, 2016 2026, whichever first occurs. Any balance in that trust fund on July 1, 2016 2026, reverts to the general fund of the State. Repeal does not affect any rights, obligations, liabilities, or debts due the South Carolina Conservation Bank. For these purposes, after the bank's termination, the State Budget and Control Board is the bank's successor, except that, after the bank's termination, the board's voting rights provided in the former provisions of Section 48-59-80(F), (G), (H), and (I) of the 1976 Code are devolved upon the Department of Natural Resources Board, and any contribution to the trust fund required pursuant to the former provisions of Section 48-59-80(H) of the 1976 Code must be made to the Heritage Trust Program."

SECTION      2.      This act takes effect upon approval by the Governor. /

Renumber sections to conform.
Amend title to conform.