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Bill 408

                    Current Status

Bill Number:                      408
Type of Legislation:              General Bill GB
Introducing Body:                 Senate
Introduced Date:                  20010306
Primary Sponsor:                  Ryberg
All Sponsors:                     Ryberg, Wilson, J. Verne Smith, 
                                  Leatherman, Rankin
Drafted Document Number:          l:\council\bills\bbm\9948htc01.doc
Residing Body:                    Senate
Current Committee:                Finance Committee 06 SF
Date of Last Amendment:           20010514
Subject:                          Transportation Infrastructure Bank, 
                                  Transportation Department to make annual 
                                  contribution to


                        History

Body    Date      Action Description                     Com     Leg Involved
______  ________  ______________________________________ _______ ____________
Senate  20020514  Recommitted to Committee               06 SF
Senate  20010523  Co-Sponsor added by Senator                    Rankin
Senate  20010514  Committee amendment adopted
Senate  20010509  Committee report: Favorable with       06 SF
                  amendment
Senate  20010306  Introduced, read first time,           06 SF
                  referred to Committee


              Versions of This Bill
Revised on May 9, 2001 - Word format
Revised on May 14, 2001 - Word format

Indicates Matter Stricken

Indicates New Matter

COMMITTEE AMENDMENT ADOPTED

May 14, 2001

    S. 408

Introduced by Senators Ryberg, Wilson, J. Verne Smith and Leatherman

S. Printed 5/14/01--S.

Read the first time March 6, 2001.

TO AMEND SECTION 11-43-160, AS AMENDED, RELATING TO SOURCES OF REVENUE FOR THE SOUTH CAROLINA TRANSPORTATION INFRASTRUCTURE BANK, SO AS TO REQUIRE AN ANNUAL CONTRIBUTION TO THE BANK FROM THE DEPARTMENT OF TRANSPORTATION IN AN AMOUNT NOT TO EXCEED AN AMOUNT EQUIVALENT TO THE REVENUES OF ONE CENT OF THE GASOLINE TAX AND TO PROVIDE THAT THIS CONTRIBUTION MAY BE MADE FROM ANY REVENUES OF THE DEPARTMENT OF TRANSPORTATION BUT, TO THE EXTENT POSSIBLE, MUST NOT BE TAX REVENUE.

    Amend Title To Conform

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

SECTION    1.    A.    Section 11-43-160(A)(1) of the 1976 Code, as amended by Act 100 of 1999, is further amended to read:

    "(1)    an annual contribution from the Department of Transportation set by the board of an amount not to exceed an amount equivalent to the revenues produced by one cent a gallon of the tax on gasoline imposed pursuant to Section 12-28-310;"

B.    Section 11-43-160 of the 1976 Code, as last amended by Act 100 of 1999, is further amended by adding at the end:

    "(C)    The contribution provided in subsection (A)(1) of this section may be made from any revenues under the control of the Department of Transportation, but to the extent possible, the contribution must be made from sources which are not revenues of any state tax."

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

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