View Amendment Current Amendment: 83 to Bill 4100

Senators SETZLER and CLIMER propose the following amendment (AGM STATE PORTS AUTHORITY V.2):

Amend the bill, as and if amended, Part IB, Section 88, STATE PORTS AUTHORITY, page 446, after line 27, by adding an appropriately numbered new proviso to read:

/ (SPA: Intermodal Container Transfer Facility and Waterborne Cargo Infrastructure) Any funds appropriated and/or authorized to the State Ports Authority for the Intermodal Container Transfer Facility or for Waterborne Cargo Infrastructure must be deposited with the Department of Administration. The Ports Authority may request draws on the funds for the amount required to defray the costs of infrastructure as certified by the Secretary of Commerce, South Carolina State Ports Authority, and after comment by the Joint Bond Review Committee. In addition, all requests must include a description of the infrastructure for which the funds are being used, and a tentative time schedule setting forth the period of time during which the amount requested is to be expended.

Beginning with the close of the calendar month following disbursement of the funds from the Department of Administration to the State Ports Authority, and continuing through the date of final completion of each facility or component of the project, there must be provided, a monthly, progress reports for the implementation of each facility or component of the project. These reports must also be made publicly available or accessible on the South Carolina State Ports Authority's website.

Annually, the State Ports Authority must provide financial results, operating plans, budgets, capital plans, and performance objectives and results for the project, and each facility or component thereof.

The monthly and annual reports must be made available to the Joint Bond Review Committee, the President of the Senate, the Speaker of the House of Representatives, the Chairman of the Senate Finance Committee, the Chairman of the House Ways and Means Committee, and the members of the South Carolina General Assembly. The Joint Bond Review Committee must review and provide comment on expenditures, and may prescribe the reporting format and such other informational requirements and reports as it deems useful and necessary, to ensure the financial integrity, accountability, and stewardship of the funds and the ongoing operations of the project. To the extent permitted by federal law, if federal funds become available to the State that can be used for the Intermodal Container Transfer Facility or for Waterborne Cargo Infrastructure, those federal funds must first be used to complete the project. Any remaining state funds appropriated for these projects shall be transferred to a restricted account at the Department of Administration. /

Amend sections, totals and title to conform.