Bill Text: SC H4592 | 2017-2018 | 122nd General Assembly | Amended
Bill Title: Startex Area Fire District
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2018-05-15 - Effective date 05/10/18 [H4592 Detail]
Download: South_Carolina-2017-H4592-Amended.html
INTRODUCED
April 9, 2018
H. 4592
L. Printed 4/9/18--S.
Read the first time April 9, 2018.
A BILL
TO AMEND ACT 248 OF 1969, AS AMENDED, RELATING TO THE CREATION OF THE STARTEX AREA FIRE DISTRICT IN SPARTANBURG COUNTY, SO AS TO INCREASE THE BORROWING LIMITS OF THE DISTRICT FROM FIVE HUNDRED THOUSAND TO SEVEN HUNDRED FIFTY THOUSAND DOLLARS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 5(h) of Act 248 of 1969, as last amended by Act 208 of 2005, is further amended to read:
"(h) To borrow not exceeding five hundred seven hundred fifty thousand dollars on terms and for a period the fire control board may seem most beneficial for the fire district in anticipation of taxes. The indebtedness is evidenced by a note issued by the members of the board and the county treasurer. The full faith, credit, and taxing power of the Startex Area Fire District is irrevocably pledged for the payment of the indebtedness."
SECTION 2. This act takes effect upon approval by the Governor.
