Bill Text: SC S0160 | 2021-2022 | 124th General Assembly | Comm Sub
Bill Title: Midlands Tech, surplus property
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Passed) 2021-03-17 - Act No. 4 [S0160 Detail]
Download: South_Carolina-2021-S0160-Comm_Sub.html
COMMITTEE AMENDMENT ADOPTED
February 17, 2021
S. 160
S. Printed 2/17/21--S.
Read the first time January 12, 2021.
A BILL
TO AMEND SECTION 59-53-1784, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE DISPOSAL OF SURPLUS PROPERTY BY THE MIDLANDS TECHNICAL COLLEGE ENTERPRISE CAMPUS AUTHORITY, SO AS TO REQUIRE THE AUTHORITY TO FILE CERTAIN DOCUMENTS WITH THE STATE FISCAL ACCOUNTABILITY AUTHORITY; TO AMEND ACT 189 OF 2018, RELATING TO THE DISPOSAL OF SURPLUS PROPERTY BY THE MIDLANDS TECHNICAL COLLEGE ENTERPRISE CAMPUS AUTHORITY, SO AS TO PERMANENTLY AUTHORIZE THE ACT AND TO REPEAL THE SUNSET PROVISION.
Amend Title To Conform
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 59-53-1784(C) of the 1976 Code is amended to read:
"(C)(1) The authority is exempt from all regulations and general laws including, but not limited to, Sections 1-11-58 and 1-11-65, governing disposal of surplus government property, whether real, personal, or mixed.
(2) The exemption provided in item (1) includes an exemption for the sale of real property but only if the sale is for a price not less than a market value determined by an appraisal conforming to the Department of Administration's appraisal standards and the transfer of title is by quit claim deed. After the recording of the deed for the sold real property, the authority shall file with the Department of Administration and the State Fiscal Accountability Authority a copy of the recorded deed and a copy of the appraisal."
SECTION 2. This act takes effect upon approval by the Governor.
