South Carolina General Assembly
116th Session, 2005-2006

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Bill 286

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COMMITTEE REPORT

March 9, 2005

S. 286

Introduced by Senator Hawkins

S. Printed 3/9/05--S.

Read the first time January 19, 2005.

            

THE COMMITTEE ON FINANCE

To whom was referred a Joint Resolution (S. 286) to authorize the State Budget and Control Board to transfer ownership of a surplus National Guard Armory in Inman, South Carolina, to the Spartanburg County District One, etc., respectfully

REPORT:

That they have duly and carefully considered the same and recommend that the same do pass:

HUGH K. LEATHERMAN, SR. for Committee.

            

STATEMENT OF ESTIMATED FISCAL IMPACT

ESTIMATED FISCAL IMPACT ON GENERAL FUND EXPENDITURES:

$0 (No additional expenditures or savings are expected)

ESTIMATED FISCAL IMPACT ON FEDERAL & OTHER FUND EXPENDITURES:

$0 (No additional expenditures or savings are expected)

EXPLANATION OF IMPACT:

A review of this bill indicates there will be no impact on the General Fund of the State or on federal and/or other funds.

Approved By:

Don Addy

Office of State Budget

STATEMENT OF ESTIMATED FISCAL IMPACT

REVENUE IMPACT 1/

This bill is not expected to impact state revenues in either FY 2004-05 or FY2005-06.

Explanation

This Joint Resolution provides for property transfer of an unused National Guard Armory in Inman, South Carolina, from the B&CB to the District One School Board in Spartanburg County.

According to B&CB counsel, no revenue consideration is anticipated from this realty transaction.

The Office of the Adjutant General does not expect any change in earmarked funds, since no revenue is currently generated by the facility. Thus, we expect no revenue impact would apply. Since the resolution could be effective prior to close of the current fiscal year, the actual transfer may occur in either fiscal year 2004-05 or 2005-06.

Approved By:

William C. Gillespie

Board of Economic Advisors

1/ This statement meets the requirement of Section 2-7-71 for a state revenue impact by the BEA, or Section 2-7-76 for a local revenue impact or Section 6-1-85(B) for an estimate of the shift in local property tax incidence by the Office of Economic Research.

A JOINT RESOLUTION

TO AUTHORIZE THE STATE BUDGET AND CONTROL BOARD TO TRANSFER OWNERSHIP OF A SURPLUS NATIONAL GUARD ARMORY IN INMAN, SOUTH CAROLINA, TO THE SPARTANBURG COUNTY DISTRICT ONE SCHOOL BOARD.

Whereas, the National Guard Armory located on the Oakland Avenue Extension, Inman, South Carolina has been vacated by the 1st Battalion, 178th Field Artillery of the of the Army National Guard; and

Whereas, the State Military Department has declared this property surplus to its current needs; and

Whereas, the Spartanburg County District One School Board will use the Armory for the benefit of the community. Now, therefore,

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Notwithstanding the provisions of Sections 25-1-1660 and 1-11-58, and Act 248 of 2004, the State Budget and Control Board is authorized to transfer ownership of the surplus National Guard Armory located on the Oakland Avenue Extension, Inman, South Carolina to the Spartanburg County District One School Board.

SECTION    2.    This joint resolution takes effect upon approval by the Governor.

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