South Carolina General Assembly
117th Session, 2007-2008

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S. 1429

STATUS INFORMATION

General Bill
Sponsors: Senator Elliott
Document Path: l:\council\bills\gjk\20734sd08.doc

Introduced in the Senate on May 28, 2008
Introduced in the House on June 4, 2008
Last Amended on May 29, 2008
Currently residing in the House Committee on Ways and Means

Summary: Revenue Bond Act

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   5/28/2008  Senate  Introduced, read first time, placed on calendar without 
                        reference SJ-5
   5/29/2008  Senate  Amended SJ-191
   5/29/2008  Senate  Read second time SJ-191
    6/3/2008  Senate  Read third time and sent to House SJ-29
    6/4/2008  House   Introduced and read first time HJ-15
    6/4/2008  House   Referred to Committee on Ways and Means HJ-15

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

5/28/2008
5/28/2008-A
5/29/2008

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

Indicates Matter Stricken

Indicates New Matter

AMENDED

May 29, 2008

S. 1429

Introduced by Senator Elliott

S. Printed 5/29/08--S.

Read the first time May 28, 2008.

            

A BILL

TO AMEND SECTION 6-21-180, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO ACCEPTANCE OF FEDERAL LOANS AND GRANTS UNDER THE REVENUE BOND ACT FOR UTILITIES, SO AS TO PERMIT MORTGAGES TO FEDERAL AGENCIES IN CERTAIN CIRCUMSTANCES.

Amend Title To Conform

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

SECTION    1.    Under the revenue bond act for utilities in the case of a special purpose district providing hospital, nursing home, or care facilities in a county with more than fourteen million dollars in accommodations tax collections for the most recent fiscal year, the special purpose district is authorized to provide a mortgage on any real or personal property to secure its bonds or loan by any federal agency or guarantee if the federal agency provides a guarantee of any such loan securing the bonds."

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

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