South Carolina General Assembly
122nd Session, 2017-2018

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Indicates New Matter

S. 472

STATUS INFORMATION

General Bill
Sponsors: Senators Campbell, Reese, Hembree, Williams, Gambrell, Scott and Grooms
Document Path: l:\council\bills\bbm\9584dg17.docx
Companion/Similar bill(s): 3931

Introduced in the Senate on February 23, 2017
Currently residing in the Senate Committee on Finance

Summary: Non-profits

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
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   2/23/2017  Senate  Introduced and read first time (Senate Journal-page 11)
   2/23/2017  Senate  Referred to Committee on Finance (Senate Journal-page 11)

View the latest legislative information at the website

VERSIONS OF THIS BILL

2/23/2017

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 11-1-130 SO AS TO REQUIRE CERTAIN NONPROFIT CORPORATIONS THAT RECEIVE MORE THAN ONE HUNDRED DOLLARS IN PUBLIC FUNDS TO SUBMIT A QUARTERLY EXPENDITURE REPORT TO THE AWARDING JURISDICTION, AND TO PROVIDE THAT THE AWARDING JURISDICTION MUST MAKE THE REPORTS AVAILABLE TO THE PUBLIC.

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

SECTION    1.    Chapter 1, Title 11 of the 1976 Code is amended by adding:

"Section 11-1-130.    (A)    Any entity organized pursuant to Chapter 31, Title 33 that received more than one hundred dollars in public funds from a state agency or political subdivision in the previous calendar year or the current calendar year, must submit a quarterly expenditure report to the jurisdiction awarding the funds.

(B)    The expenditure report must include:

(1)    the amount of funds expended;

(2)    the general purposes for which the funds were expended; and

(3)    any other information required by the jurisdiction so as to increase the public's knowledge of the manner in which the funds are expended.

(C)    The expenditure reports must be made available by the awarding state agency or political subdivision in accordance with the requirements of Chapter 4, Title 30; however, the entity receiving the funds is not subject to such disclosure provisions."

SECTION    2.    This act takes effect upon approval by the Governor and applies to any public funds received thereafter and within three calendar years thereof.

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This web page was last updated on March 7, 2017 at 5:32 PM