Current Status Bill Number:3040 Type of Legislation:General Bill GB Introducing Body:House Introduced Date:19970114 Primary Sponsor:Kirsh All Sponsors:Kirsh Drafted Document Number:BBM\10958JM.97 Residing Body:House Date Tabled:19970211 Current Committee:Labor, Commerce and Industry Committee 26 HLCI Subject:Contractor, affidavit of financial condition required to license, construction
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
House 19970211 Tabled in Committee 26 HLCI
House 19970114 Introduced, read first time, 26 HLCI
referred to Committee
House 19961211 Prefiled, referred to Committee 26 HLCI
View additional legislative information at the LPITS web site.
TO AMEND SECTION 40-11-160, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE FINANCIAL STATEMENT REQUIRED TO LICENSE A CONTRACTOR, SO AS TO REQUIRE AN AFFIDAVIT OF FINANCIAL CONDITION INSTEAD OF A FINANCIAL STATEMENT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 40-11-160 of the 1976 Code is amended to read:
"Section 40-11-160. The board shall may not issue a license to any a contractor above the Group 1 level as this is defined by regulation of the board until such the contractor furnished furnishes the board with a financial statement certified by a certified public accountant or a public accountant an affidavit by the contractor of his financial condition."
SECTION 2. This act takes effect upon approval by the Governor.