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H. 4787
STATUS INFORMATION
Joint Resolution
Sponsors: Rep. Jones
Document Path: l:\council\bills\nbd\11306dg20.docx
Introduced in the House on January 14, 2020
Currently residing in the House Committee on Ways and Means
Summary: SC Repository Study Committee
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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12/11/2019 House Prefiled
12/11/2019 House Referred to Committee on Ways and Means
1/14/2020 House Introduced and read first time (House Journal-page 104)
1/14/2020 House Referred to Committee on Ways and Means
(House Journal-page 104)
View the latest legislative information at the website
VERSIONS OF THIS BILL
TO CREATE THE SOUTH CAROLINA REPOSITORY STUDY COMMITTEE TO DETERMINE THE FEASIBILITY AND EFFICACY OF THE ESTABLISHMENT OF A REPOSITORY IN THIS STATE TO STORE GOLD, SILVER, AND OTHER METALS FOR THE STATE'S RESERVES AND FOR INVESTMENTS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. (A) There is created the South Carolina Repository Study Committee to determine the feasibility and efficacy of the establishment of a repository in this State to store gold, silver, platinum bullion, and any combination of this bullion for the State's reserves and for investments made by the State and its political subdivisions, including the Retirement System Investment Commission.
(B) The committee must be comprised of:
(1) one member appointed by the President of the Senate;
(2) one member appointed by the Speaker of the House of Representatives;
(3) one member appointed by the Chairman of the Senate Banking and Insurance Committee;
(4) one member appointed by the Chairman of the House Labor, Commerce and Industry Committee;
(5) one member appointed by the Governor;
(6) the State Treasurer, or his designee; and
(7) the chairman of the Retirement System Investment Commission, or his deginee.
(C) The committee shall issue a report of its findings to the General Assembly by January 15, 2021, at which time the committee is dissolved.
SECTION 2. This joint resolution takes effect upon approval by the Governor.
This web page was last updated on
January 17, 2020 at 10:04 AM