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H. 4477
STATUS INFORMATION
General Bill
Sponsors: Reps. Scarborough, Huggins, Toole, Leach, Bowers, Ceips, Dantzler, Harrell, Haskins, Hinson, Kirsh, Limehouse, Loftis, Sandifer, D.C. Smith, G.R. Smith, J.R. Smith and Umphlett
Document Path: l:\council\bills\agm\18055mm06.doc
Introduced in the House on January 19, 2006
Currently residing in the House Committee on Labor, Commerce and Industry
Summary: Lottery Commission
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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1/19/2006 House Introduced and read first time HJ-22
1/19/2006 House Referred to Committee on Labor, Commerce and Industry
HJ-22
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO AMEND SECTION 59-150-60, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE POWERS OF THE SOUTH CAROLINA LOTTERY COMMISSION, SO AS TO REQUIRE THAT THE COMMISSION'S BANKING RELATIONSHIPS BE WITH BANKING INSTITUTIONS WHOSE PRINCIPAL PLACES OF BUSINESS ARE LOCATED IN THIS STATE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 59-150-60(A)(17) of the 1976 is amended to read:
"(17) establish and maintain banking relationships, with banking institutions whose principal places of business are located in the State of South Carolina, including, but not limited to, establishment of checking and savings accounts and lines of credit;. 'Banking institution' means and includes a commercial bank, mutual savings bank, stock savings bank, savings and loan association, credit union, trust company, bank and trust company, cash depository, and any other form of banking entity organized pursuant to the laws of the State of South Carolina or the United States of America."
SECTION 2. This act takes effect upon approval by the Governor.
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