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INTRODUCED
April 27, 2006
H. 5064
Introduced by Reps. J.E. Smith, Cotty, Rutherford, J.H. Neal, Brady, Bales and Harrison
L. Printed 4/27/06--H. [SEC 4/28/06 2:51 PM]
Read the first time April 27, 2006.
TO PROVIDE THAT THE AUTHORITY OF THE GOVERNING BODY OF THE RICHLAND COUNTY RECREATION COMMISSION TO LEVY AD VALOREM PROPERTY TAXES UPON ALL TAXABLE PROPERTY IN THE DISTRICT FOR OPERATING OR CAPITAL PURPOSES AND TO ISSUE GENERAL OBLIGATION BONDS OR REVENUE BONDS OF THE DISTRICT IS DELETED, AND TO PROVIDE THAT THIS AUTHORITY IS TRANSFERRED TO AND RESTS SOLELY WITH THE RICHLAND COUNTY COUNCIL.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Notwithstanding any other provisions of law, the authority of the governing body of the Richland County Recreation Commission to levy ad valorem property taxes upon all taxable property in the district for operating or capital purposes and to issue general obligation bonds or revenue bonds of the district is deleted, and this authority is transferred to and rests solely with the Richland County Council.
SECTION 2. This act takes effect upon approval by the Governor.
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