Current StatusView additional legislative information at the LPITS web site.Bill Number: 1374 Ratification Number: 701 Act Number 572 Introducing Body: Senate Subject: Forest renewal fund
(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.