S 0795 General Bill, By Leventis
 A Bill to amend the Code of Laws of South Carolina, 1976, by adding Section
 46-49-65 so as to provide bond requirements for issuance of a license to
 engage in the dairy products business; and to repeal Section 46-49-80 relating
 to liability for violations pertaining to the dairy products business.

   05/26/93  Senate Introduced and read first time SJ-14
   05/26/93  Senate Referred to Committee on Agriculture and Natural
                     Resources SJ-14

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 46-49-65 SO AS TO PROVIDE BOND REQUIREMENTS FOR ISSUANCE OF A LICENSE TO ENGAGE IN THE DAIRY PRODUCTS BUSINESS; AND TO REPEAL SECTION 46-49-80 RELATING TO LIABILITY FOR VIOLATIONS PERTAINING TO THE DAIRY PRODUCTS BUSINESS.

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

SECTION 1. The 1976 Code is amended by adding:

"Section 46-49-65. Before a license is issued pursuant to this chapter, the applicant shall deliver a surety bond executed by a surety corporation authorized to transact business in South Carolina. The bond amount must be at least one thousand dollars or a greater amount to be determined by the Commissioner of Agriculture not to exceed an amount equal to the maximum amount of business done or estimated to be done by the applicant in any one month. The bond must be on a form approved by the commissioner and must secure the faithful accounting for and payment to producers of the proceeds of all milk handled by the dealer. The commissioner may accept a cash bond subject to the same claims and actions as against a surety bond. The bond is required of a person, firm, or corporation engaging in the business of purchasing dairy producers or cooperative associations for the purpose of manufacturing, pasteurizing, or distributing dairy products. The commissioner may make an exception to this bond requirement for a person, firm, or corporation that purchases dairy products from producers or cooperative associations if eighty-five percent of full payment is made within fifteen days of receipt of the dairy products by the purchaser from the producer or cooperative association."

SECTION 2. Section 46-49-80 of the 1976 Code is repealed.

SECTION 3. This act takes effect upon approval by the Governor.