H*3450(Rat #0159, Act #0117 of 1997)  General Bill, By Vaughn, Allison, Battle, 
Bowers, Cato, Davenport, Easterday, Hamilton, Haskins, Hawkins, Lanford, Leach, 
Lee, Littlejohn, Loftis, Maddox, Martin, Mason, McMahand, Miller, Quinn, Rice, 
Riser, Robinson, Rodgers, Simrill, F. Smith, Stille, Townsend, Tripp, Walker and 
Witherspoon
 A BILL TO AMEND SECTION 12-28-2740, AS AMENDED, CODE OF LAWS OF SOUTH
 CAROLINA, 1976, RELATING TO THE DISTRIBUTION AND USE OF "C" FUND GASOLINE TAX
 REVENUES, SO AS TO PROVIDE THAT INTEREST EARNINGS ON THE COUNTY TRANSPORTATION
 FUND MUST BE CREDITED TO COUNTIES IN THE PROPORTION THE COUNTY'S DISTRIBUTION
 OF "C" FUNDS IS OF THE TOTAL OF SUCH DISTRIBUTIONS STATEWIDE AND TO PROVIDE
 THAT THESE DISTRIBUTIONS SHALL NOT INCLUDE COUNTIES THAT ADMINISTER THEIR OWN
 "C" FUNDS.

   02/12/97  House  Introduced and read first time HJ-52
   02/12/97  House  Referred to Committee on Ways and Means HJ-53
   04/22/97  House  Committee report: Favorable with amendment Ways
                     and Means HJ-4
   04/29/97  House  Amended HJ-52
   04/29/97  House  Read second time HJ-53
   04/30/97  House  Read third time and sent to Senate HJ-18
   05/01/97  Senate Introduced and read first time SJ-6
   05/01/97  Senate Referred to Committee on Finance SJ-6
   05/14/97  Senate Recalled from Committee on Finance SJ-5
   05/15/97  Senate Read second time SJ-19
   05/15/97  Senate Unanimous consent for third reading on next
                     legislative day SJ-19
   05/16/97  Senate Read third time and enrolled SJ-2
   06/04/97         Ratified R 159
   06/10/97         Vetoed by Governor
   06/17/97  House  Veto overridden by originating body Yeas-116 
                     Nays-4 HJ-96
   06/17/97  Senate Veto overridden Yeas-29  Nays-0
   06/17/97         Effective date 07/01/97
   06/26/97         Copies available
   06/26/97         Act No. 117

AN ACT TO AMEND SECTION 12-28-2740, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DISTRIBUTION AND USE OF "C" FUND GASOLINE TAX REVENUES, SO AS TO PROVIDE THAT EARNINGS ON THE COUNTY TRANSPORTATION FUND MUST BE CREDITED TO COUNTIES IN THE PROPORTION THE COUNTY'S DISTRIBUTION OF "C" FUNDS IS OF THE TOTAL OF SUCH DISTRIBUTIONS STATEWIDE AND TO PROVIDE THAT THESE DISTRIBUTIONS SHALL NOT INCLUDE COUNTIES THAT ADMINISTER THEIR OWN "C" FUNDS.

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

Earnings on "C" funds

SECTION 1. The last paragraph of Section 12-28-2740(A) of the 1976 Code, as last amended by Section 49, Part II, Act 145 of 1995, is further amended to read:

"All earnings on the County Transportation Fund in the State Treasury must be added to the distribution to counties under this section in the ratio that the county's annual distribution is of the total of these distributions statewide. These distributions of earnings and the calculation required to determine the appropriate amount shall not include those counties administering their own 'C' funds."

Time effective

SECTION 2. This act takes effect July 1, 1997.

Vetoed by the Governor -- 6/10/97.

Veto overridden by House -- 6/17/97.

Veto overridden by Senate -- 6/17/97.