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Current Status Bill Number:View additional legislative information at the LPITS web site.408 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:20010306 Primary Sponsor:Ryberg All Sponsors:Ryberg, Wilson, J. Verne Smith, Leatherman, Rankin Drafted Document Number:l:\council\bills\bbm\9948htc01.doc Residing Body:Senate Current Committee:Finance Committee 06 SF Date of Last Amendment:20010514 Subject:Transportation Infrastructure Bank, Transportation Department to make annual contribution to History Body Date Action Description Com Leg Involved ______ ________ ______________________________________ _______ ____________ Senate 20020514 Recommitted to Committee 06 SF Senate 20010523 Co-Sponsor added by Senator Rankin Senate 20010514 Committee amendment adopted Senate 20010509 Committee report: Favorable with 06 SF amendment Senate 20010306 Introduced, read first time, 06 SF referred to Committee Versions of This Bill Revised on May 9, 2001 - Word format Revised on May 14, 2001 - Word format
Indicates Matter Stricken
Indicates New Matter
COMMITTEE AMENDMENT ADOPTED
May 14, 2001
S. 408
Introduced by Senators Ryberg, Wilson, J. Verne Smith and Leatherman
S. Printed 5/14/01--S.
Read the first time March 6, 2001.
TO AMEND SECTION 11-43-160, AS AMENDED, RELATING TO SOURCES OF REVENUE FOR THE SOUTH CAROLINA TRANSPORTATION INFRASTRUCTURE BANK, SO AS TO REQUIRE AN ANNUAL CONTRIBUTION TO THE BANK FROM THE DEPARTMENT OF TRANSPORTATION IN AN AMOUNT NOT TO EXCEED AN AMOUNT EQUIVALENT TO THE REVENUES OF ONE CENT OF THE GASOLINE TAX AND TO PROVIDE THAT THIS CONTRIBUTION MAY BE MADE FROM ANY REVENUES OF THE DEPARTMENT OF TRANSPORTATION BUT, TO THE EXTENT POSSIBLE, MUST NOT BE TAX REVENUE.
Amend Title To Conform
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. A. Section 11-43-160(A)(1) of the 1976 Code, as amended by Act 100 of 1999, is further amended to read:
"(1) an annual contribution from the Department of Transportation set by the board of an amount not to exceed an amount equivalent to the revenues produced by one cent a gallon of the tax on gasoline imposed pursuant to Section 12-28-310;"
B. Section 11-43-160 of the 1976 Code, as last amended by Act 100 of 1999, is further amended by adding at the end:
"(C) The contribution provided in subsection (A)(1) of this section may be made from any revenues under the control of the Department of Transportation, but to the extent possible, the contribution must be made from sources which are not revenues of any state tax."
SECTION 2. This act takes effect upon approval by the Governor.
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