S 219 Session 122 (2017-2018) S 0219 General Bill, By Campsen, Malloy, Johnson, Talley, McElveen, Sheheen, Setzler, Courson, Alexander, Cromer, Hutto, McLeod, Young, Nicholson, Fanning and Reese A BILL TO ENACT THE "SOUTH CAROLINA CONSERVATION BANK REAUTHORIZATION ACT," BY AMENDING CHAPTER 24, TITLE 12 OF THE 1976 CODE, RELATING TO DEED RECORDING FEES, BY ADDING SECTION 12-24-98, TO PROVIDE FOR A PROPORTIONAL REDUCTION IN THE TRANSFER OF RECORDING FEES IN THE ANNUAL APPROPRIATIONS ACT UNDER CERTAIN CIRCUMSTANCES; TO AMEND ACT 200 OF 2002, RELATING TO THE ESTABLISHMENT AND FUNDING SOURCES OF THE SOUTH CAROLINA CONSERVATION BANK, TO EXTEND FOR TEN YEARS, THROUGH JUNE 30, 2028, THE PROVISIONS OF CHAPTER 59, TITLE 48, THE SOUTH CAROLINA CONSERVATION BANK ACT, OTHERWISE SCHEDULED FOR REPEAL EFFECTIVE JULY 1, 2018; AND TO REPEAL SECTION 48-59-75. 01/10/17 Senate Introduced and read first time (Senate Journal-page 113) 01/10/17 Senate Referred to Committee on Finance (Senate Journal-page 113)
TO ENACT THE "SOUTH CAROLINA CONSERVATION BANK REAUTHORIZATION ACT," BY AMENDING CHAPTER 24, TITLE 12 OF THE 1976 CODE, RELATING TO DEED RECORDING FEES, BY ADDING SECTION 12-24-98, TO PROVIDE FOR A PROPORTIONAL REDUCTION IN THE TRANSFER OF RECORDING FEES IN THE ANNUAL APPROPRIATIONS ACT UNDER CERTAIN CIRCUMSTANCES; TO AMEND ACT 200 OF 2002, RELATING TO THE ESTABLISHMENT AND FUNDING SOURCES OF THE SOUTH CAROLINA CONSERVATION BANK, TO EXTEND FOR TEN YEARS, THROUGH JUNE 30, 2028, THE PROVISIONS OF CHAPTER 59, TITLE 48, THE SOUTH CAROLINA CONSERVATION BANK ACT, OTHERWISE SCHEDULED FOR REPEAL EFFECTIVE JULY 1, 2018; AND TO REPEAL SECTION 48-59-75. Be it enacted by the General Assembly of the State of South Carolina: SECTION 1. This act may be referred to and cited as the "South Carolina Conservation Bank Reauthorization Act." SECTION 2. Chapter 24, Title 12 of the 1976 Code is amended by adding: "Section 12-24-98. (A) In a fiscal year when the General Assembly in the annual general appropriations act provides for a lower appropriation than was provided for during the previous year to at least one-half of the state agencies or departments contained in the act, the transfer of deed recording fees to the South Carolina Conservation Bank Trust Fund shall be decreased by twice the percentage reduction in total general fund appropriations as compared to the previous fiscal year's general appropriations act, but existing balances in the trust fund must be used as provided by Chapter 59, Title 48. (B) In a year when the Executive Budget Office reduces general fund appropriations in the manner provided in Section 11-9-890, the transfer of deed recording fees to the South Carolina Conservation Bank Trust Fund shall be decreased by twice the percentage reduction in total general fund appropriations as compared to the current fiscal year's general appropriations act, but existing balances in the trust fund must be used as provided by Chapter 59, Title 48. (C) In a year when the General Assembly reduces general fund appropriations in the manner provided in Section 11-9-890, the transfer of deed recording fees to the South Carolina Conservation Bank Trust Fund shall be decreased by twice the percentage reduction in total general fund appropriations as compared to the current fiscal year budget act, but existing balances in the trust fund must be used as provided by Chapter 59, Title 48." SECTION 3. SECTION 7 of Act 200 of 2002, as last amended by Act 162 of 2012, is further amended to read:
"SECTION 7. Chapter 59, Title 48 of the 1976 Code, Section 12-24-98, and Sections 2 through SECTION 4. Section 48-59-75 of the 1976 Code is repealed. SECTION 5. SECTION 5 of Act 200 of 2002 is repealed. SECTION 6. This act takes effect upon approval by the Governor.
|