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Session 120 - (2013-2014)Printer Friendly
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S*1089 (Rat #0235, Act #0230 of 2014) General Bill, By Davis, Campsen, Grooms and Pinckney
Similar (H 4829)
Summary: State Ports Authority
    AN ACT TO AMEND SECTION 54-3-700, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE CESSATION OF MARINE TERMINAL OPERATIONS AND THE SALE OF PROPERTY AT PORT ROYAL, SO AS TO RECOGNIZE THAT THE STATE PORTS AUTHORITY HAS CEASED OPERATIONS AT PORT ROYAL, TO DIRECT THE STATE PORTS AUTHORITY TO SELL THE PORT ROYAL PROPERTY AS SOON AS PRACTICABLE ON OR BEFORE JUNE 30, 2015, TO PROVIDE THE CONDITIONS AND REQUIREMENTS FOR THE SALE, TO PROVIDE FOR CERTAIN CIRCUMSTANCES WHERE THE SALE MAY BE CLOSED AFTER JUNE 30, 2015, BUT NOT LATER THAN DECEMBER 31, 2015, TO PROVIDE THAT IF THE PROPERTY IS NOT SOLD BY JUNE 30, 2015, SUBJECT TO CERTAIN CIRCUMSTANCES, OR NOT CLOSED BY DECEMBER 31, 2015, THE AUTHORITY MUST IRREVOCABLY TRANSFER THE PROPERTY ON JULY 1, 2015, TO THE DIVISION OF GENERAL SERVICES TO BE SOLD AT PUBLIC AUCTION; TO PROVIDE FOR AN APPRAISAL OF THE PROPERTY PRIOR TO SALE, TO PROVIDE THAT THE PROPERTY MAY BE SOLD BY THE STATE PORTS AUTHORITY OR GENERAL SERVICES FOR EIGHTY PERCENT OR MORE OF THE APPRAISED VALUE; TO PROVIDE THAT ALL SALES MUST BE MADE ACCORDING TO STATE PROCEDURES, TO PROVIDE FOR THE DISTRIBUTION OF SALES PROCEEDS, AND TO PROVIDE THAT A SALE OF THE PROPERTY PURSUANT TO THIS ACT SATISFIES THE STATE PORTS AUTHORITY BOARD'S FIDUCIARY DUTIES TO THE AUTHORITY AND TO THE AUTHORITY'S BOND HOLDERS. - ratified title
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03/06/14Senate Introduced and read first time (Senate Journal-page 4)
03/06/14Senate Referred to Committee on Transportation (Senate Journal-page 4)
04/30/14Senate Committee report: Favorable with amendment Transportation (Senate Journal-page 22)
05/01/14Senate Committee Amendment Adopted (Senate Journal-page 44)
05/01/14Senate Read second time (Senate Journal-page 44)
05/01/14Senate Roll call Ayes-41 Nays-1 (Senate Journal-page 44)
05/02/14 Scrivener's error corrected
05/06/14Senate Read third time and sent to House (Senate Journal-page 16)
05/07/14House Introduced, read first time, placed on calendar without reference (House Journal-page 15)
05/14/14House Amended (House Journal-page 27)
05/14/14House Read second time (House Journal-page 27)
05/14/14House Roll call Yeas-94 Nays-0 (House Journal-page 29)
05/15/14House Read third time and returned to Senate with amendments (House Journal-page 26)
05/20/14Senate Concurred in House amendment and enrolled (Senate Journal-page 42)
05/20/14Senate Roll call Ayes-41 Nays-0 (Senate Journal-page 42)
05/29/14 Ratified R 235
06/02/14 Signed By Governor
06/13/14 Effective date 06/02/14
06/16/14 Act No. 230



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