Bill 1023

                    Current Status
Introducing Body:               Senate
Bill Number:                    1023
Ratification Number:            318
Act Number:                     305
Primary Sponsor:                Macaulay
Type of Legislation:            GB
Subject:                        Water Quality Revolving Fund
                                Authority Act
Date Bill Passed both Bodies:   19940302
Computer Document Number:       JIC/5339HC.94
Governor's Action:              S
Date of Governor's Action:      19940316
Introduced Date:                19940112
Date of Last Amendment:         19940224
Last History Body:              ------
Last History Date:              19940316
Last History Type:              Act No. 305
Scope of Legislation:           Statewide
All Sponsors:                   Macaulay
Type of Legislation:            General Bill

Bill   Body    Date          Action Description              CMN  Leg Involved
____   ______  ____________  ______________________________  ___  ____________
1023   ------  19940316      Act No. 305
1023   ------  19940316      Signed by Governor
1023   ------  19940310      Ratified R 318
1023   Senate  19940302      Concurred in House amendment,
                             enrolled for ratification
1023   House   19940301      Read third time, returned to
                             Senate with amendment
1023   House   19940224      Amended, read second time
1023   House   19940209      Recalled from Committee         30
1023   House   19940118      Introduced, read first time,    30
                             referred to Committee
1023   Senate  19940114      Read third time, sent to House
1023   Senate  19940113      Read second time
1023   Senate  19940112      Unanimous consent for second
                             and third reading on the next
                             two consecutive Legislative
                             days
1023   Senate  19940112      Introduced, read first time,
                             placed on Calendar without
                             reference

(A305, R318, S1023)

AN ACT TO AMEND SECTION 48-5-170, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO FAILURE OF A PROJECT SPONSOR TO MAKE PAYMENTS TO THE SOUTH CAROLINA WATER QUALITY REVOLVING FUND AUTHORITY SO AS TO PROVIDE THAT THE PROVISIONS OF THIS SECTION SHALL NOT APPLY TO CERTAIN COUNTIES UNDER SPECIFIC CONDITIONS.

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

Provisions not applicable to certain counties

SECTION 1. Section 48-5-170 of the 1976 Code is amended to read:

"Section 48-5-170. If at any time a project sponsor fails to effect the punctual payment of an amount payable by the project sponsor to the authority pursuant to a loan agreement or other agreement between the project sponsor and the authority, the State Treasurer shall, upon notification by the authority of the failure by the project sponsor to make the payment, and subject to the withholding of amounts pursuant to Article X, Section 14, Paragraph (5) of the Constitution of this State, withhold from the project sponsor sufficient monies from a state appropriation to the project sponsor and apply so much as necessary to the payment of the amount. All appropriations for project sponsors are subject to the provisions of this section.

This section shall not apply to a county which, prior to July 15, 1992, has adopted a referendum pursuant to Article VIII, Section 16 of the Constitution, that contains specific restrictions which would prevent the county from receiving a loan from the fund due soley to the foregoing provisions of this section."

Time effective

SECTION 2. This act takes effect upon approval by the Governor.

Approved the 16th day of March, 1994.