Bill Text: SC H5255 | 2017-2018 | 122nd General Assembly | Introduced

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Bill Title: Approval of real property transactions

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2018-04-17 - Referred to Committee on Judiciary [H5255 Detail]

Download: South_Carolina-2017-H5255-Introduced.html

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A BILL

TO AMEND SECTION 1-11-65, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE APPROVAL OF REAL PROPERTY TRANSACTIONS INVOLVING CERTAIN GOVERNMENTAL BODIES, SO AS TO REQUIRE AN OPINION ON THE VALUE OF REAL PROPERTY BY THE DEPARTMENT OF PARKS, RECREATION AND TOURISM BEFORE THE APPROVAL OF THE SALE OF REAL PROPERTY LARGER THAN ONE ACRE OWNED BY A GOVERNMENTAL BODY.

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

SECTION    1.    Section 1-11-65 of the 1976 Code is amended by adding an appropriately lettered subsection to read:

"( )    In addition to another provision of law relating to transactions involving real property owned by a governmental body, a transaction involving the sale or disposition of real property owned by a governmental body, excluding a political subdivision of the State, larger than one acre may not be completed without an opinion on the value of the property to the State's park system written by the Director of the Department of Parks, Recreation and Tourism or his designee. If the transaction is approved, the opinion must be recorded simultaneously with the deed. The county recording authority may not accept a deed for such real property that is not accompanied by the opinion."

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