View Amendment Current Amendment: 17a to Bill 4100

Rep. FINLAY proposes the following Amendment No. to H.4100 as Passed By The House

(Doc Name h:\legwork\house\amend\h-wm\001\h2-usc musc relocation.docx):

EXPLANATION: Require USC Columbia School of Medicine Relocation funds be matched prior to expending the funds.

Amend the bill, as and if amended, Part IB, Section 20, UNIVERSITY OF SOUTH CAROLINA, page 348, after line 17, by adding an appropriately numbered proviso to read:

/(USC: (School of Medicine Relocation Funds) The total sum of funds appropriated to the University of South Carolina Columbia for the School of Medicine Relocation shall be matched 1:1 by a private entity or irrevocable escrow by the university. The escrow shall be defined as a deed, particularly a deed delivered by the grantor into the hands of a third person, to be held by the latter until the happening of a contingency or performance of a condition, and then by him delivered to the grantee. The university shall submit documentation identifying the match/escrow to the Chairman of the House Ways and Means Committee and the Chairman of the Senate Finance Committee no later than March 31, 2022. /

Amend totals and titles to conform.