South Carolina Senate Bill 1002 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 10 2012 - 25% progression, died in chamber
Action: 2012-03-08 - Scrivener's error corrected
Text: Latest bill text (Comm Sub) [HTML]

Relating To Tax Increment Financing For Redevelopment Projects, By Striking Language That Surplus Funds Must Be Sent To The Taxing District And That Municipalities May Pledge Obligation Funds To Any Redevelopment Project; To Add Section 31-6-45 To Define The Requirements Of A Redevelopment Project; And To Amend Section 31-6-50 To Limit The Use Of Funds To Projects Specified By The Authorizing Redevelopment Plan, And To Require That Surplus Funds May Be Used To Pay Down Outstanding Debt Obligations Or Otherwise Must Be Returned To The Taxing District.

Financing of redevelopment projects

Sen. Larry Martin [R]

Date	Chamber	Action
2012-03-08		Scrivener's error corrected
2012-03-07		Committee report: Favorable with amendment Finance
2012-01-10		Referred to Committee on Finance
2012-01-10		Introduced and read first time
2011-11-28		Referred to Committee on Finance
2011-11-28		Prefiled

Chapter	Article	Section	Citation Type	Statute Text
31	6	40	(n/a)	See Bill Text
31	6	45	(n/a)	See Bill Text
31	6	50	(n/a)	See Bill Text

Type	Source
Summary	https://www.scstatehouse.gov/billsearch.php?billnumbers=1002&session=119&summary=B
Text	https://www.scstatehouse.gov/sess119_2011-2012/prever/1002_20111128.htm
Text	https://www.scstatehouse.gov/sess119_2011-2012/prever/1002_20120307.htm
Text	https://www.scstatehouse.gov/sess119_2011-2012/prever/1002_20120308.htm