Bill Text: SC S1150 | 2019-2020 | 123rd General Assembly | Introduced
Bill Title: Redevelopment Authority
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2020-03-05 - Referred to Committee on Labor, Commerce and Industry [S1150 Detail]
Download: South_Carolina-2019-S1150-Introduced.html
A BILL
TO AMEND SECTION 31-12-70, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE POWERS OF A REDEVELOPMENT AUTHORITY, SO AS TO PROVIDE THAT CERTAIN REDEVELOPMENT FEES MAY BE USED FOR THE FINANCING, ACQUIRING, DEVELOPING, SUPPORTING, AND OPERATING OF CERTAIN MUSEUM PROJECTS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 31-12-70(A)(16) of the 1976 Code, as last amended by Act 180 of 2018, is further amended to read:
"(16) to use the redevelopment fees provided pursuant to Section 12-10-88 for:
(a) the administration and implementation of the redevelopment authority's redevelopment plans which may include programs to reduce unemployment or increase the property tax base in the area served by the authority, including without limitation, by permitting the use of the fees by multicounty economic development not-for-profit corporations whose members include one or more counties that contain some or all of the area of operation of the redevelopment authority for their administration and operating costs; and
(b) the financing, acquiring, developing, supporting, and operating of museum projects, to include real and personal property, that the redevelopment authority may determine appropriate to support or undertake in order to facilitate tourism and economic development and that are located anywhere within the territorial boundaries of the counties entitled to representation on a redevelopment authority. A museum project is considered a redevelopment project and the location of the museum within its area of operation. A redevelopment authority may assign, grant, contribute, or otherwise appropriate redevelopment fees in connection with the financing, acquiring, developing, supporting, and operating of any project authorized in this chapter."
SECTION 2. This act takes effect upon approval by the Governor.
