(Doc Name h:\legwork\house\amend\h-wm\006\spa port royal proceeds.docx):
EXPLANATION:
Amend the bill, as and if amended, Part IB, Section 88, STATE
PORTS AUTHORITY, page 467, after line 2, by adding an
appropriately numbered paragraph to read:
/(SPA: Port Royal Proceeds) Of the funds awarded from the
sale of any real or personal property at Port Royal, to the
State Ports Authority, the Budget and Control Board, or the
successor entity to the Budget and Control Board, five percent
of the proceeds shall be transferred to the county of Beaufort
to be used for improvements and further development of the
Beaufort Rail Trail./
Renumber sections to conform.
Amend totals and titles to conform.