South Carolina General Assembly
107th Session, 1987-1988

Bill 767


                    Current Status

Bill Number:               767
Ratification Number:       155
Act Number                 112
Introducing Body:          Senate
Subject:                   Powers of the Horry-Georgetown Technical
                           Education Commission
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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A112, R155, S767)

AN ACT TO AMEND SECTION 59-53-830, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE POWERS OF THE HORRY-GEORGETOWN TECHNICAL EDUCATION COMMISSION, SO AS TO FURTHER PROVIDE FOR THE POWERS OF THE COMMISSION IN REGARD TO THE ACQUISITION AND USE OF REAL AND PERSONAL PROPERTY AND THE MANNER IN WHICH A MORTGAGE ON PROPERTY MUST BE EXECUTED.

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

Use and mortgaging of property

SECTION 1. Section 59-53-830(3) of the 1976 Code is amended to read:

"(3) To acquire by gift, purchase, devise, lease, or otherwise, any real and personal property, and to hold, use, lease, or mortgage this property, or an interest therein; provided, that before any mortgage is executed, approval by the governing bodies of Horry and Georgetown Counties must first be obtained."

Time effective

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