Current Amendment: DAD vs 2m cnsvtn bk.DOCX to Bill 3700
Senator SHEHEEN proposes the following amendment (DAD VS 2M CNSVTN BK):
Amend the bill, as and if amended, Part IB, Section 90, STATEWIDE REVENUE, page 538, after line 14, by adding an appropriately numbered new proviso to read:
/ (SR: Excess FY 11-12 - SC Conservation Bank ) Prior to the close of the books for Fiscal Year 2011-12, to the extent that unobligated Fiscal Year 2011-12 surplus revenues above the amount certified by the Board of Economic Advisors are available, the State Treasurer is directed to transfer the first $2,000,000 to the South Carolina Conservation Bank. The South Carolina Conservation Bank may retain and carry forward unexpended funds to succeeding fiscal years and expend these funds for the same purpose.
Renumber sections to conform.
Amend sections, totals and title to conform.