South Carolina General Assembly
121st Session, 2015-2016

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A46, R48, S350

STATUS INFORMATION

General Bill
Sponsors: Senators Campbell, Malloy, Setzler, Scott, Alexander, Hembree, O'Dell, Hayes, Grooms, Cleary, Williams, Bennett, Johnson, Hutto, L. Martin, Fair, Turner, Allen, Matthews, Peeler, Lourie, Courson, Coleman, Jackson, McElveen, Shealy, Sabb, Kimpson, Nicholson and Sheheen
Document Path: l:\s-res\pgc\002comm.kmm.pgc.docx

Introduced in the Senate on January 20, 2015
Introduced in the House on March 17, 2015
Passed by the General Assembly on May 27, 2015
Governor's Action: June 3, 2015, Signed

Summary: SC Community Economic Development Act

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   1/20/2015  Senate  Introduced and read first time (Senate Journal-page 1)
   1/20/2015  Senate  Referred to Committee on Finance (Senate Journal-page 1)
   1/28/2015  Senate  Committee report: Favorable Finance 
                        (Senate Journal-page 27)
   1/29/2015          Scrivener's error corrected
   1/29/2015          Scrivener's error corrected
    3/5/2015  Senate  Read second time (Senate Journal-page 30)
    3/5/2015  Senate  Roll call Ayes-37  Nays-3 (Senate Journal-page 30)
   3/17/2015  Senate  Read third time and sent to House 
                        (Senate Journal-page 18)
   3/17/2015  House   Introduced and read first time (House Journal-page 34)
   3/17/2015  House   Referred to Committee on Ways and Means 
                        (House Journal-page 34)
   5/21/2015  House   Committee report: Favorable Ways and Means 
                        (House Journal-page 29)
   5/26/2015  House   Read second time (House Journal-page 50)
   5/26/2015  House   Roll call Yeas-91  Nays-6 (House Journal-page 50)
   5/26/2015          Scrivener's error corrected
   5/27/2015  House   Read third time and enrolled (House Journal-page 8)
   5/28/2015          Ratified R 48
    6/3/2015          Signed By Governor
    6/8/2015          Effective date 06/03/15
    6/9/2015          Act No. 46

View the latest legislative information at the website

VERSIONS OF THIS BILL

1/20/2015
1/28/2015
1/29/2015
1/29/2015-A
5/21/2015
5/26/2015

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

(A46, R48, S350)

AN ACT TO AMEND SECTION 4 OF ACT 314 OF 2000, AS AMENDED, RELATING TO COMMUNITY DEVELOPMENT CORPORATIONS AND FINANCIAL INSTITUTIONS, SO AS TO TERMINATE THE PROVISIONS OF THE SOUTH CAROLINA COMMUNITY ECONOMIC DEVELOPMENT ACT ON JUNE 30, 2020.

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

Provisions of the Community Economic Development Act extended

SECTION    1.    Section 4 of Act 314 of 2000, as last amended by Act 248 of 2010, is further amended to read:

"SECTION    4.    Unless reauthorized by the General Assembly, the provisions of this act shall terminate on June 30, 2020, and this act and all other laws and regulations governing, authorizing, and otherwise dealing with community development corporations and community development financial institutions are deemed repealed on that date."

Time effective

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

Ratified the 28th day of May, 2015.

Approved the 3rd day of June, 2015.

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This web page was last updated on July 20, 2015 at 4:27 PM