S 0213 by Turner
S 0213
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill amends Act 919 of 1928, which governs the Greenville Airport Commission. Specifically, it increases the maximum amount of debt the commission is authorized to take on, raising the limit from its previous amount to $20 million. The commission can borrow money to fund airport operations, maintenance, extensions, additions, or improvements, and the state’s faith and credit nor the city or county of Greenville’s will not be pledged for these obligations.
Key provisions
- Increases the authorized total indebtedness of the Greenville Airport Commission to $20 million.
- Allows the commission to borrow money through bonds, notes, and other evidences of indebtedness.
- Permits the commission to mortgage or pledge assets to secure debt.
- Specifies that the state and local governments are not liable for the commission’s debt.
- Authorizes borrowing for operational costs, maintenance, and facility improvements.
Who is affected
- Greenville Airport Commission
- City of Greenville
- County of Greenville
- South Carolina State Government
Notable changes
- Increases the previously authorized debt limit for the Greenville Airport Commission.
Bill text
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Sponsors
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1 on record
Primary sponsor
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