Senator COLEMAN proposed the following amendment (JUD3066.019):
    Amend the committee amendment, as and if amended, by striking lines 40-43 on page [3066-2] and by striking lines 1 through 5 on page [3066-3], in Section 1-11-20(C), as contained in SECTION 2, and inserting therein the following:

/     (C)     Effective July 1, 2011, the following offices, divisions, or components of the State Budget and Control Board are transferred to, and incorporated into, the South Carolina Rural Infrastructure Authority as established in Section 11-50-30:
        (1)     South Carolina Infrastructure Facilities Authority;
        (2)     Office of Local Government in support of the local government loan and grant programs;
        (3)     State Revolving Fund in support of water quality projects.     /

    Amend the committee amendment further, as and if amended, page [3066-66], after line 30, by inserting an appropriately numbered PART and SECTIONS to read:

/     Part ___
South Carolina Rural Infrastructure Authority
SECTION     ___.     Section 11-50-50 of the 1976 Code is amended to read:
    "Section 11-50-50.     (A)     The board of directors is the governing board of the authority. The board consists of seven eight voting directors appointed as follows:
        (1)     six seven members who reside in counties designated as distressed or least developed pursuant to Section 12-6-3360 for 2009; one appointed by the President Pro Tempore of the Senate, one appointed by the Speaker of the House of Representatives, one appointed by the Chairman of the Senate Finance Committee, one appointed by the Chairman of the House Ways and Means Committee, and two three appointed by the Governor, one of which must be selected from three candidates recommended by the Municipal Association of South Carolina, one must be selected from three candidates recommended by the South Carolina Association of Counties, and one must be selected from three candidates recommended by the South Carolina Rural Water Association; and
        (2)     the Secretary of Commerce, ex officio, who shall serve as chairman.
    (B)     Appointed members Members shall serve for terms of four years and until their successors are appointed and qualify except that of the members first appointed by the Speaker of the House, President Pro Tempore of the Senate, and one of the members first appointed by the Governor, the member shall serve for a term of two years and the term must be noted on the appointment. Vacancies must be filled in the manner of original appointment for the unexpired portion of the term. Members shall serve without compensation but are allowed mileage, subsistence, and per diem allowed by law for members of state boards, committees, and commissions."

SECTION     ___.     Section 11-50-60(A)(15) of the 1976 Code is amended to read:
/     (15)     expend funds to obtain accounting, management, legal, financial consulting, and other professional services necessary to the operations of the authority and may hire a director for the authority, so long as one of the gubernatorial appointees and three of the legislative appointees vote in favor of the hiring;     /

SECTION     ___.     Chapter 10 of Title 12 of the 1976 Code is amended by adding:
    "Section 12-10-86.     Notwithstanding Section 12-10-85, the Department of Revenue is authorized to deposit revenues from the Rural Infrastructure Fund in excess of twelve million dollars to the South Carolina Rural Infrastructure Fund under the South Carolina Rural Infrastructure Authority. Any revenues in excess of seventeen million dollars shall be deposited in the Rural Infrastructure Fund under the Department of Commerce, Coordinating Council."

SECTION     ___.     The State Budget and Control Board shall transfer all the funds in the South Carolina Rural Infrastructure Bank Trust Fund, created by Act 115 of 2005, to the South Carolina Rural Infrastructure Fund, authorized by Act 171 of 2010.

SECTION     ___.     Section 1-11-25 of the 1976 Code, relating to the Local Government Division of the State Budget and Control Board, and Section 1-11-26 of the 1976 Code, relating to the use of funds from the Local Government Division, are repealed.     /

    Renumber parts and sections to conform.
    Amend title to conform.