S 0148 General Bill, By Campsen and Sheheen
Summary: S.C. Conservation Bank Equitable Funding Act
    A BILL TO PROVIDE FOR THE "SOUTH CAROLINA CONSERVATION BANK EQUITABLE FUNDING ACT" BY AMENDING SECTION 48-59-75 OF THE 1976 CODE, RELATING TO THE SUSPENSION OF FUNDING PROVISION FOR THE SOUTH CAROLINA CONSERVATION BANK, TO DELETE THE PROVISION SUSPENDING TRANSFERS TO THE TRUST FUND AND TO PROVIDE INSTEAD THAT THE AMOUNT OF DEED RECORDING FEES TRANSFERRED TO THE TRUST FUND MUST BE REDUCED IN FISCAL YEARS WHEN APPROPRIATIONS TO MORE THAN ONE-HALF OF STATE AGENCIES AND DEPARTMENTS ARE LESS THAN SUCH APPROPRIATIONS IN THE PRIOR FISCAL YEAR BY THE AGGREGATE PERCENTAGE OF DECREASE IN APPROPRIATIONS AND IN A FISCAL YEAR WHEN ACROSS THE BOARD APPROPRIATIONS REDUCTIONS ARE ORDERED BY THE STATE BUDGET AND CONTROL BOARD, THE AMOUNT OF DEED RECORDING FEES TRANSFERRED TO THE TRUST FUND MUST BE THE LESSER OF THE AMOUNT OF FEES LESS THE PERCENTAGE REDUCTION OR THE AMOUNT OF FEES PROJECTED TO BE COLLECTED.
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12/10/08	Senate	Prefiled
12/10/08	Senate	Referred to Committee on Agriculture and Natural Resources
01/13/09	Senate	Introduced and read first time SJ-142
01/13/09	Senate	Referred to Committee on Agriculture and Natural Resources SJ-142