South Carolina General Assembly
108th Session, 1989-1990

Bill 1374

                    Current Status

Bill Number:               1374
Ratification Number:       701
Act Number                 572
Introducing Body:          Senate
Subject:                   Forest renewal fund
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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A572, R701, S1374)

AN ACT TO AMEND SECTION 48-28-100, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE FOREST RENEWAL FUND, SO AS TO LIMIT NEW FUNDING AGREEMENTS AND TO ALLOW PAYMENT IN A FISCAL YEAR OF CONTRACTUAL REQUIREMENTS WHICH EXCEED THE LIMITATION.

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

Forest renewal fund

SECTION 1. The third paragraph of Section 48-28-100 of the 1976 Code is amended to read:

"In any fiscal year, new funding agreements from the forest renewal fund are limited to five times the amount of the state appropriation for the Forest Renewal Law for that year plus the amount of any cancellation or slippage funds from previous agreements. Whenever necessary to comply with the terms of a contract, payments in a fiscal year may exceed five times the amount of the state appropriation."

Time effective

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

Approved the 11th day of June, 1990.