Removes Conservation Bank Death Clause
Our Position: support
Bill Number: S.903
Sponsor: Senator McConnell
Legislative Session: 09/10
A BILL TO AMEND ACT 200 OF 2002, RELATING TO THE SOUTH CAROLINA CONSERVATION
BANK ACT, SO AS TO DELETE A PROVISION WHICH PROVIDES THAT NO FURTHER DEED
RECORDING FEES OR OTHER FUNDS MAY BE CREDITED TO THE CONSERVATION BANK TRUST
FUND IN ANY YEAR WHEN A MAJORITY OF STATE AGENCY APPROPRIATIONS ARE REDUCED IN
THE ANNUAL GENERAL APPROPRIATIONS ACT OR WHEN THE STATE BUDGET AND CONTROL
BOARD IMPOSES ACROSS THE BOARD CUTS AND INSTEAD PROVIDE FOR A REDUCTION ON A
PERCENTAGE BASIS IN THE AMOUNT OF DEED RECORDING FEES WHICH MAY BE TRANSFERRED
TO THE TRUST FUND, AND TO EXTEND THE EXPIRATION DATE OF THE PROVISIONS OF LAW
RELATING TO THE CONSERVATION BANK ACT AND OTHER RELATED DATES PERTAINING TO
THE CLOSURE OF THE CONSERVATION BANK ACT AND CONSERVATION BANK FUND.
Has passed the Agriculture Committee, but was then committed to the Senate Finance Committee.
Ask members of the Senate Finance Committee to support removing the death clause from the Conservation Bank Act and also exrtend the sunset provision of the act until 2023.