The WAYS AND MEANS COMMITTEE proposes the following Amendment No. 1 to H. 4697 (COUNCIL\BBM\10635HTC12):

Reference is to the bill as introduced.

Amend the bill, as and if amended, in Section 60-15-100, as contained in SECTION 1, page 1, line 29 by striking /fifteen/ and inserting /eight and one-half/ so that when amended Section 60-15-100 reads:

/      Section 60-15-100.      An amount equal to eight and one-half percent of the balance remaining of the general fund portion of state admissions tax revenues for the previous fiscal year after the transfer required pursuant to Section 12-62-60 must be transferred annually to the South Carolina Arts Commission for its use. /

Amend further, as and if amended, in Section 60-15-110, as contained in SECTION 1, page 1, on line 36 by striking /appropriated state funds/ and inserting /funds from the admissions tax / so that when amended, Section 60-15-110 reads:

/ Section 60-15-110.      The South Carolina Arts Commission shall expend at least seventy percent of funds from the admissions tax on grants to support the statewide improvement of learning and enrichment opportunities for children and communities through educational and cultural programs with proven research-based strategies. /

Renumber sections to conform.
Amend title to conform.