Current Status Bill Number:1200 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19960229 Primary Sponsor:Boan All Sponsors:Boan, Greg Smith, Martin, Rankin, McConnell, Rose, Fair, Washington, Peeler, Ford, Bryan, O'Dell, Glover and Matthews Drafted Document Number:bbm\10619jm.96 Residing Body:Senate Current Committee:Judiciary Committee 11 SJ Subject:State employee, may not benefit from transactions of state
Body Date Action Description Com Leg Involved
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Senate 19960229 Introduced, read first time, 11 SJ
referred to Committee
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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 8-13-703, SO AS TO PROVIDE THAT AN INDIVIDUAL EMPLOYED BY THE STATE, ITS AGENCIES, OR ANY OF ITS AFFILIATES WHO HAS DIRECTLY PARTICIPATED IN THE NEGOTIATION, SALE, OR APPROVAL OF STATE ASSETS IS PROHIBITED FROM PERSONALLY BENEFITING FROM SUCH TRANSACTION OR ACCEPTING A POSITION WITH THE ENTITY OR ENTITIES WHO PURCHASED OR LEASED SUCH STATE ASSETS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The 1976 Code is amended by adding:
"Section 8-13-703. An individual employed by the State, its agencies, or any of its affiliates, who has directly participated in the negotiation or approval of any sale or lease of state assets is prohibited from personally benefiting from such transaction. Furthermore, this individual is prohibited from accepting any position with or remuneration from the entity or entities purchasing or leasing such assets, or any party related to them."
SECTION 2. This act takes effect upon approval by the Governor.