Bill > H3644

This bill amends the existing legislation governing the Greenville Airport Commission by increasing its authorized total indebtedness from one million dollars to twenty million dollars. The bill allows the commission to continue borrowing money and issuing negotiable bonds, notes, and other debt instruments, which can only be repaid using revenue generated from the airport's operations. Importantly, the bill maintains key protections from the original legislation: neither the state, city, nor county of Greenville will be responsible for these financial obligations, and commission members will not be personally liable for the debt. The purpose of the increased borrowing capacity appears to be to support operational costs, maintenance, extensions, additions, or improvements to the airport facility. The bill will take effect immediately upon receiving the Governor's approval, providing the Greenville Airport Commission with expanded financial flexibility to manage and develop its infrastructure.

Budget and Finance

https://www.scstatehouse.gov/billsearch.php?billnumbers=3644&session=126&summary=B