View Amendment Current Amendment: 17 to Bill 491

Senator CLIMER proposed the following amendment (491R023.SP.WC):

Amend the joint resolution, as and if amended, by adding an appropriately numbered new item to SECTION 3 to read:

/ () Beginning in 2025, at the end of each fiscal year, the South Carolina State Ports Authority shall remit to the general fund one percent of the gross revenues received from container volumes until the interest is paid in full for the bonds issued pursuant to this joint resolution. The State Fiscal Accountability Authority has the authority to waive the payment in the event of a fiscal emergency. The South Carolina State Ports Authority has the burden of proving that an emergency exists.