/ SECTION 1. (A) In accordance with the provisions of Article III, Section 36(B)(2) and (3), Constitution of South Carolina, 1895, and Section 11-11-320(C) and (D) of the 1976 Code, there is appropriated from the monies available in the Capital Reserve Fund for Fiscal Year 2010-2011, $110,883,455 to the State Treasurer to be placed in a separate and distinct fund known as the 2011 Manufacturers County Property Tax Relief Fund. The State Treasurer shall provide each county treasurer with a disbursement from the fund in an amount equal to the amount of the county portion of property tax on manufacturer's property projected to be collected in the county for property tax year 2011. This disbursement must be used by each county treasurer to offset the county portion of the property tax on manufacturer's property for property tax year 2011. Each property tax bill issued to a person owing property tax on manufacturer's property must indicate that the property tax owed for the county portion is zero and must also indicate the amount offset by this section.
(B) Any amount remaining in the fund established by subsection (A) after providing the disbursement required by that subsection must be transferred to the School for the Deaf and Blind to replace necessary specialized instructional equipment. /
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Amend title to conform.