Current Status Bill Number:
4669Type of Legislation: General Bill GBIntroducing Body: HouseIntroduced Date: 19980219Primary Sponsor: WilkinsAll Sponsors: WilkinsDrafted Document Number: jic\5007dw.98Residing Body: HouseCurrent Committee: Judiciary Committee 25 HJSubject: Economic interest statements, content of; creditor, filer's agency; Ethics, Elections, Public Officers and Employees
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ House 19980219 Introduced, read first time, 25 HJ referred to CommitteeView additional legislative information at the LPITS web site.
TO AMEND SECTION 8-13-1120, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE CONTENTS OF THE STATEMENT OF ECONOMIC INTEREST, SO AS TO DELETE PROVISIONS WHERE A CREDITOR IS SUBJECT TO REGULATION BY THE FILER OR IS SEEKING OR HAS SOUGHT A BUSINESS OR FINANCIAL ARRANGEMENT WITH THE FILER'S AGENCY OR DEPARTMENT.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 8-13-1120(A)(6)(a) of the 1976 Code, as last amended by Act 6 of 1995, is further amended to read:
"(a) a listing by name and address of each creditor to whom the filer or member of the filer's immediate family owed a debt in excess of five hundred dollars at any time during the reporting period, if the creditor is subject to regulation by the filer or is seeking or has sought a business or financial arrangement with the filer's agency or department other than for a credit card or retail installment contract, and the original amount of the debt and amount outstanding unless:
(i) the debt is promised or loaned by a bank, savings and loan, or other licensed financial institution which loans money in the ordinary course of its business and on terms and interest rates generally available to a member of the general public without regard to status as a public official, public member, or public employee; or
(ii) the debt is promised or loaned by an individual's family member if the person who promises or makes the loan is not acting as the agent or intermediary for someone other than a person named in this subitem; and"
SECTION 2. This act takes effect upon approval by the Governor. Changes in reporting requirements pursuant to the provisions of this act apply only to transactions occurring after December 31, 1997.