South Carolina General Assembly
107th Session, 1987-1988

Bill 3460

                    Current Status

Bill Number:               3460
Ratification Number:       581
Act Number                 516
Introducing Body:          House
Subject:                   Auctioneers' license fees
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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A516, R581, H3460)

AN ACT TO AMEND SECTION 40-6-140, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO FEES FOR AUCTIONEERS' LICENSES, SO AS TO INCREASE THE FEE FOR AN APPRENTICE AUCTIONEER LICENSE FROM FIFTY DOLLARS TO ONE HUNDRED DOLLARS.

Be it enacted by the General Assembly of the State of South Carolina:

Auctioneers' license fees

SECTION 1. Section 40-6-140 of the 1976 Code, as last amended by Act 32 of 1987, is further amended to read:

"Section 40-6-140. Each person licensed as an auctioneer shall pay an annual license fee to the commission. Funds derived under the provisions of this chapter must be paid to the State Treasurer who shall keep them in the manner provided for other agencies and boards of the State. The fees are (1) for examination, fifty dollars; (2) for apprentice license for one year, one hundred dollars; (3) for auctioneer license for one year, one hundred dollars; (4) for license for one year as an auction firm, as determined by the commission not to exceed one hundred dollars."

Time effective

SECTION 2. This act takes effect upon approval by the Governor.