South Carolina Legislature


 

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H 4787
Session 123 (2019-2020) 

H 4787  Joint Resolution, By Jones
 A JOINT RESOLUTION TO CREATE THE  SOUTH CAROLINA REPOSITORY STUDY COMMITTEE TO
 DETERMINE THE FEASIBILITY AND EFFICACY OF THE ESTABLISHMENT OF A REPOSITORY IN
 THIS STATE TO STORE GOLD, SILVER, AND OTHER METALS FOR THE STATE'S RESERVES
 AND FOR INVESTMENTS.
View full text 12/11/19 House Prefiled 12/11/19 House Referred to Committee on Ways and Means 01/14/20 House Introduced and read first time (House Journal-page 104) 01/14/20 House Referred to Committee on Ways and Means (House Journal-page 104)


VERSIONS OF THIS BILL

12/11/2019



H. 4787

A JOINT RESOLUTION

TO CREATE THE SOUTH CAROLINA REPOSITORY STUDY COMMITTEE TO DETERMINE THE FEASIBILITY AND EFFICACY OF THE ESTABLISHMENT OF A REPOSITORY IN THIS STATE TO STORE GOLD, SILVER, AND OTHER METALS FOR THE STATE'S RESERVES AND FOR INVESTMENTS.

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

SECTION    1.    (A)    There is created the South Carolina Repository Study Committee to determine the feasibility and efficacy of the establishment of a repository in this State to store gold, silver, platinum bullionNext, and any combination of this Previousbullion for the State's reserves and for investments made by the State and its political subdivisions, including the Retirement System Investment Commission.

    (B)    The committee must be comprised of:

        (1)    one member appointed by the President of the Senate;

        (2)    one member appointed by the Speaker of the House of Representatives;

        (3)    one member appointed by the Chairman of the Senate Banking and Insurance Committee;

        (4)    one member appointed by the Chairman of the House Labor, Commerce and Industry Committee;

        (5)    one member appointed by the Governor;

        (6)    the State Treasurer, or his designee; and

        (7)    the chairman of the Retirement System Investment Commission, or his deginee.

    (C)    The committee shall issue a report of its findings to the General Assembly by January 15, 2021, at which time the committee is dissolved.

SECTION    2.    This joint resolution takes effect upon approval by the Governor.

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