Current StatusView additional legislative information at the LPITS web site.Bill Number: 767 Ratification Number: 155 Act Number 112 Introducing Body: Senate Subject: Powers of the Horry-Georgetown Technical Education Commission
(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.