South Carolina H 3644: Greenville Airport Commission

Bill Text

2025-2026 Bill 3644 Text of Previous Version (Dec. 12, 2024) - South Carolina Legislature Online 

South Carolina General Assembly
126th Session, 2025-2026

Bill 3644

Indicates Matter Stricken
Indicates New Matter

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A bill

TO AMEND ACT 919 OF 1928, AS AMENDED, RELATING TO THE 
POWERS AND DUTIES OF THE GREENVILLE AIRPORT COMMISSION, SO AS TO INCREASE THE 
AUTHORIZED TOTAL INDEBTEDNESS TO TWENTY MILLION DOLLARS.

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

SECTION 1. The 
last paragraph of Section 4 of Act 919 of 1928, as added by Act 636 of 1980, is 
amended to read:

 The commission may 
borrow money, issue negotiable bonds, notes and other evidences of indebtedness 
payable solely from the revenue derived from the operation of any 
revenue-producing facility under its jurisdiction and may mortgage or pledge 
any assets owned by the commission in connection with such indebtedness. The 
money may be borrowed to pay costs incident to the operation and maintenance of 
the airport facility or for any extension, addition, or improvement to its 
facility. Neither the faith and credit of the State nor of the City or County 
of Greenville shall be pledged for the payment of any such obligations and 
neither the members of the commission nor any person signing such obligations 
shall be personally liable therefor. The total indebtedness authorized by the 
section shall not exceed one twenty 
million dollars.

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

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This web page was last updated on December 12, 2024 at 04:53 PM