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Session 114 - (2001-2002)Printer Friendly
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S*0675 (Rat #0237, Act #0207 of 2002) General Bill, By Thomas
Similar (H 4011)
Summary: Redevelopment projects, tax increment financing law; municipality may issue general obligation bonds within ten years after date of project approval
A BILL TO AMEND SECTION 31-6-30, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DEFINITION OF "REDEVELOPMENT PROJECT" UNDER THE TAX INCREMENT FINANCING LAW, SO AS TO AUTHORIZE A REDEVELOPMENT TO BE LOCATED OUTSIDE OF THE REDEVELOPMENT AREA IF A MUNICIPALITY MAKES SPECIFIC FINDINGS OF BENEFIT TO THE REDEVELOPMENT PROJECT AREA; TO AMEND SECTION 31-6-70, RELATING TO THE ADOPTION OF AN ORDINANCE BY A MUNICIPALITY PROVIDING FOR THE APPROVAL OF A REDEVELOPMENT PLAN, SO AS TO LENGTHEN FROM FIVE TO TEN YEARS THE PERIOD WITHIN WHICH A MUNICIPALITY MAY ISSUE OBLIGATIONS TO FINANCE A REDEVELOPMENT PROJECT AND TO AUTHORIZE OBLIGATIONS TO BE ISSUED SUBSEQUENT TO THE INITIAL TEN-YEAR PERIOD; AND TO AMEND SECTION 31-6-80, AS AMENDED, RELATING TO APPROVAL OF A REDEVELOPMENT PLAN AND ADOPTION OF AN ORDINANCE, SO AS TO REQUIRE A MUNICIPALITY TO MAKE A SPECIFIC FINDING OF BENEFIT TO THE REDEVELOPMENT PROJECT AREA AND PROVIDE WRITTEN NOTICE TO THE AFFECTED TAXING DISTRICT IF THE PROJECT OR A PORTION OF IT IS LOCATED OUTSIDE OF THE REDEVELOPMENT PROJECT AREA.
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Similar (H 4011)
Summary: Redevelopment projects, tax increment financing law; municipality may issue general obligation bonds within ten years after date of project approval
A BILL TO AMEND SECTION 31-6-30, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DEFINITION OF "REDEVELOPMENT PROJECT" UNDER THE TAX INCREMENT FINANCING LAW, SO AS TO AUTHORIZE A REDEVELOPMENT TO BE LOCATED OUTSIDE OF THE REDEVELOPMENT AREA IF A MUNICIPALITY MAKES SPECIFIC FINDINGS OF BENEFIT TO THE REDEVELOPMENT PROJECT AREA; TO AMEND SECTION 31-6-70, RELATING TO THE ADOPTION OF AN ORDINANCE BY A MUNICIPALITY PROVIDING FOR THE APPROVAL OF A REDEVELOPMENT PLAN, SO AS TO LENGTHEN FROM FIVE TO TEN YEARS THE PERIOD WITHIN WHICH A MUNICIPALITY MAY ISSUE OBLIGATIONS TO FINANCE A REDEVELOPMENT PROJECT AND TO AUTHORIZE OBLIGATIONS TO BE ISSUED SUBSEQUENT TO THE INITIAL TEN-YEAR PERIOD; AND TO AMEND SECTION 31-6-80, AS AMENDED, RELATING TO APPROVAL OF A REDEVELOPMENT PLAN AND ADOPTION OF AN ORDINANCE, SO AS TO REQUIRE A MUNICIPALITY TO MAKE A SPECIFIC FINDING OF BENEFIT TO THE REDEVELOPMENT PROJECT AREA AND PROVIDE WRITTEN NOTICE TO THE AFFECTED TAXING DISTRICT IF THE PROJECT OR A PORTION OF IT IS LOCATED OUTSIDE OF THE REDEVELOPMENT PROJECT AREA.
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| 05/09/01 | Senate | Introduced and read first time SJ-7 |
| 05/09/01 | Senate | Referred to Committee on Labor, Commerce and Industry SJ-7 |
| 03/14/02 | Senate | Committee report: Favorable with amendment Labor, Commerce and Industry SJ-5 |
| 03/19/02 | Senate | Amended SJ-17 |
| 03/19/02 | Senate | Read second time SJ-17 |
| 03/20/02 | Senate | Read third time and sent to House SJ-39 |
| 03/26/02 | House | Introduced and read first time HJ-32 |
| 03/26/02 | House | Referred to Committee on Ways and Means HJ-33 |
| 04/03/02 | House | Committee report: Favorable Ways and Means HJ-12 |
| 04/04/02 | House | Read second time HJ-54 |
| 04/04/02 | House | Unanimous consent for third reading on next legislative day HJ-57 |
| 04/05/02 | House | Read third time and enrolled HJ-11 |
| 04/16/02 | Ratified R 237 | |
| 04/22/02 | Signed By Governor | |
| 05/08/02 | Effective date 04/22/02 | |
| 05/08/02 | Copies available | |
| 05/14/02 | Act No. 207 |