Current Status Bill Number:293 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19970204 Primary Sponsor:Drummond All Sponsors:Drummond Drafted Document Number:jic\6135htc.96 Residing Body:Senate Current Committee:Finance Committee 06 SF Subject:Secretary of State, corporation and Uniform Commercial Code filing fees; computer equipment, Consumer Affairs
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ Senate 19970313 Recommitted to Committee 06 SF Senate 19970312 Committee report: Favorable with 06 SF amendment Senate 19970204 Introduced, read first time, 06 SF referred to CommitteeView additional legislative information at the LPITS web site.
COMMITTEE REPORT
March 12, 1997
S. 293
S. Printed 3/12/97--S.
Read the first time February 4, 1997.
To whom was referred a Bill (S. 293), to amend the Code of Laws of South Carolina, 1976, by adding Section 1-5-40 so as to authorize the office of the Secretary of State, etc., respectfully
That they have duly and carefully considered the same, and recommend that the same do pass with amendment:
Amend the bill, as and if amended, page 2, line 1, by striking SECTION 2 in its entirety and inserting in lieu thereof the following:
/SECTION 2. This act takes effect July 1, 1997. Section 1-5-40 is repealed effective July 1, 2002, unless re-enacted by the General Assembly in subsequent legislation./
Amend title to conform.
JOHN DRUMMOND, for Committee.
This bill would allow the Secretary of State's Office to retain $100,000 in revenue which is currently being deposited in the General Fund of the State.
Approved By:
Michael L. Shealy
Office of State Budget
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 1-5-40 SO AS TO AUTHORIZE THE OFFICE OF THE SECRETARY OF STATE TO RETAIN AN AMOUNT NOT TO EXCEED ONE HUNDRED THOUSAND DOLLARS IN A FISCAL YEAR OF CORPORATION AND UNIFORM COMMERCIAL CODE FILING FEES PAID TO THAT OFFICE TO BE EXPENDED FOR COMPUTER EQUIPMENT UPGRADES, MAINTENANCE, AND SOFTWARE FOR THE CORPORATE DIVISION'S COMPUTER SYSTEM, TO ALLOW THE CARRYFORWARD OF UNEXPENDED FEES TO THE SUCCEEDING FISCAL YEAR, AND TO PROVIDE THAT THIS PROVISION CONTINUES TO APPLY WITH RESPECT TO ANY SUCCESSOR AGENCY CHARGED WITH RECEIVING AND MAINTAINING THE CORPORATION AND UNIFORM COMMERCIAL CODE FILINGS REQUIRED BY LAW.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 5, Title 1 of the 1976 Code is amended by adding:
"Section 1-5-40. An amount not to exceed one hundred thousand dollars in a fiscal year may be retained by the office of the Secretary of State from fees imposed pursuant to Chapter 1, Title 33 and Chapter 9, Title 36 and expended for upgrades, maintenance, and software for the Corporate Division's computer systems. Retained funds unexpended in a fiscal year may be carried forward to the succeeding fiscal year and expended for the same purposes. This authority to retain and expend fee revenues extends to any successor agency charged by law with receiving and maintaining the filings for which fees are imposed pursuant to these chapters."
SECTION 2. This act takes effect July 1, 1997.