H 3290 Joint Resolution, By P.B. Harris and D.C. Waldrop
 A Joint Resolution to temporarily increase the bingo license tax and authorize
 the additional revenues to be deposited in a fund to be called "Commission on
 Aging Senior Citizen Centers Permanent Improvement Fund" and to provide the
 procedures on how the money may be expended, require that projects must be
 established in order of priority as identified in the Commission on Aging's
 1990 Overall Permanent Improvement Plan submission, provide a procedure for
 changing the priority, require that the Commission is subject to all
 provisions of Chapter 47 of Title 2, Code of Laws of South Carolina, 1976,
 relating to the procedure established for requesting permanent improvement
 projects, and provide for the repeal of the tax when the Fund reaches eight
 million, seven hundred fifty-seven thousand, one hundred twenty-five dollars.

   01/23/91  House  Introduced and read first time HJ-9
   01/23/91  House  Referred to Committee on Ways and Means HJ-9

A JOINT RESOLUTION

TO TEMPORARILY INCREASE THE BINGO LICENSE TAX AND AUTHORIZE THE ADDITIONAL REVENUES TO BE DEPOSITED IN A FUND TO BE CALLED "COMMISSION ON AGING SENIOR CITIZEN CENTERS PERMANENT IMPROVEMENT FUND" AND TO PROVIDE THE PROCEDURES ON HOW THE MONEY MAY BE EXPENDED, REQUIRE THAT PROJECTS MUST BE ESTABLISHED IN ORDER OF PRIORITY AS IDENTIFIED IN THE COMMISSION ON AGING'S 1990 OVERALL PERMANENT IMPROVEMENT PLAN SUBMISSION, PROVIDE A PROCEDURE FOR CHANGING THE PRIORITY, REQUIRE THAT THE COMMISSION IS SUBJECT TO ALL PROVISIONS OF CHAPTER 47 OF TITLE 2, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE PROCEDURE ESTABLISHED FOR REQUESTING PERMANENT IMPROVEMENT PROJECTS, AND PROVIDE FOR THE REPEAL OF THE TAX WHEN THE FUND REACHES EIGHT MILLION, SEVEN HUNDRED FIFTY-SEVEN THOUSAND, ONE HUNDRED TWENTY-FIVE DOLLARS.

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

SECTION 1. (A) In addition to the bingo taxes levied under the provisions of Section 12-21-3440(B) of the 1976 Code, and beginning July 1, 1991, an additional one dollar is levied for each bingo player a session for sessions conducted by holders of a Class AA license and an additional fifty cents is levied for each bingo player a session for sessions conducted by holders of a Class B license. The revenues generated by the imposition of these additional taxes levied under the provisions of this section and collected by the Tax Commission must be deposited in an account in the office of the State Treasurer and called "Commission on Aging Senior Citizen Centers Permanent Improvement Fund" (Fund). All interest earned on monies in the Fund must be credited to the Fund.

SECTION 2. (A) Monies credited to the Fund may be used only for funding authorized in this Joint Resolution for the projects identified in the Senior Citizens Center Survey published by the Commission on Aging in October, 1989, and updated August, 1990. Projects must be established in the order of priority as identified in the Commission on Aging's 1990 Overall Permanent Improvement Plan Submission. The order of priority can be changed by the Joint Bond Review Committee and the Budget and Control Board at the request of the Commission on Aging.

(B) Monies in the Fund may be used only to finance not more than seventy percent of the cost of a project. The remaining thirty percent of the cost of the project must be paid from matching funds provided by local project sponsors. Matching funds include, but are not limited to, land value, donations-in-kind, and any other source of funds. At the time a project is requested, all matching funds and at least ten percent of the Fund monies must be available. Once the project is established, monies from the Fund for project completion must be made available.

(C) The Commission on Aging is subject to all procedures provided in Chapter 47 of Title 2 of the 1976 Code relating to the procedure established for requesting permanent improvement projects.

SECTION 3. On the first day of the second month after the Fund reaches eight million, seven hundred fifty-seven thousand, one hundred twenty-five dollars, the tax imposed by the provisions of this resolution is repealed.

SECTION 4. This joint resolution takes effect upon approval by the Governor.