Reference is to Printer's Date 4/6/11-H.
Amend the bill, as and if amended, by striking all after the enacting words and inserting:
/ SECTION 1. Section 7 of Act 200 of 2002 is amended to read:
"SECTION 7.
(A) Chapter 59, Title 48
of the 1976 Code, and Sections 2 through 6 of this act are
repealed effective July 1, 2013 2023,
unless reenacted or otherwise extended by the General Assembly.
However, in order for the sunset date to be deferred until
July 1, 2023:
(1)
the South Carolina Conservation Bank shall
develop a comprehensive statewide plan that identifies and lists
in order of priority those lands or areas, including estimated
costs, having the most critical need for preservation; and
(2)
The Department of Natural Resources shall post
online all South Carolina Conservation Bank commitments,
obligations, loans, grants, or other transactions in furtherance
of the purposes of this chapter.
(B) If
the South Carolina Conservation Bank and the Department of
natural Resources fail to satisfy the requirements of subitems
(A)(1) and (A)(2), then the sunset date only shall be extended
until July 1, 2018.
(C)
However If the South Carolina
Conservation Bank and the Department of Natural Resources
satisfy the requirements of subitems (A)(1) and (A)(2),
then the South Carolina Conservation Bank established by
this act may continue to operate as if Chapter 59, Title
49 48 of the 1976 Code was not repealed
until the South Carolina Conservation Bank Trust Fund is
exhausted or July 1, 2016 2026,
whichever first occurs. Any balance in that trust fund on July
1, 2016 2026, reverts to the general
fund of the State. Repeal does not affect any rights,
obligations, liabilities, or debts due the South Carolina
Conservation Bank. For these purposes, after the bank's
termination, the State Budget and Control Board is the bank's
successor, except that, after the bank's termination, the
board's voting rights provided in the former provisions of
Section 48-59-80(F), (G), (H), and (I) of the 1976 Code are
devolved upon the Department of Natural Resources Board, and any
contribution to the trust fund required pursuant to the former
provisions of Section 48-59-80(H) of the 1976 Code must be made
to the Heritage Trust Program. For the period 2013 through
2023, the South Carolina Conservation Bank may not undertake a
commitment, obligation, activity, loan or grant, or conduct
planning that would require the South Carolina Conservation Bank
to remain in existence beyond its sunset date."
SECTION 2. This act takes effect upon approval by the Governor. /
Renumber sections to conform.
Amend title to conform.