Current Status Introducing Body:Senate Bill Number:603 Primary Sponsor:Elliott Committee Number:06 Type of Legislation:GB Subject:Capital improvement bonds, beach restoration projects Residing Body:Senate Current Committee:Finance Computer Document Number:PT/22035DW.93 Introduced Date:19930330 Last History Body:Senate Last History Date:19930330 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Elliott Greg Smith Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved
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603 Senate 19930330 Introduced, read first time, 06
referred to Committee
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TO AMEND ACT 1377 OF 1968, AS AMENDED, RELATING TO THE ISSUANCE OF CAPITAL IMPROVEMENT BONDS, SO AS TO AUTHORIZE THE COASTAL COUNCIL TO DISBURSE ANY EXCESS FUNDS FROM THE FOLLY BEACH RESTORATION PROJECT FOR OTHER BEACH RESTORATION PROJECTS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Subitem 26 (Coastal Council) of Item (f), Section 3 of Act 1377 of 1968, as added by Section 1 of Act 522 of 1992, is further amended by adding at the end:
"Any funds in excess of those needed for the Folly Beach restoration Project, as determined by the United States Corps of Engineers, shall revert to the Coastal Council to be disbursed in their discretion for other beach restoration projects. Priority will be given to projects already permitted as of January 1, 1993. To qualify for a beach restoration project pursuant to the provisions of this section, the local area must provide twenty percent of the total funds necessary for the completion of the project."
SECTION 2. This act takes effect upon approval by the Governor.