Department of Administration may apply net proceeds from trade of property to the improvement of property.

1. Law
2. South Carolina Code of Laws
3. Public Buildings and Property
4. General Provisions
5. Department of Administration may apply net proceeds from trade of property to the improvement of property.

As part of the approval process relating to trades of state property for nonstate property, the Department of Administration is authorized to approve the application of any net proceeds resulting from such a transaction to the improvement of the property held by the department.

HISTORY: 1995 Act No. 145, Part II, Section 12; 2014 Act No. 121 (S.22), Pt V, Section 7.L, eff July 1, 2015.

Effect of Amendment

2014 Act No. 121, Section 7.L, substituted "Department of Administration" for "Budget and Control Board" and substituted "department" for "board".

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