greater. However, this requirement is waived if the owner of the downzoned property agrees to accept a lesser amount. (2) If the owner of an interest in land which is the subject of an application for acquisition with trust funds proves to the satisfaction of the board that intentional and improper acts of planning, zoning, or other regulatory officials resulted in substantial delay or denial of a lawful permit or permission to develop the interest in land and the permit or permission was requested by the owner before the application, then the value of the interest in land is deemed to be its value as if those permits or permissions were granted unless the owner of the interest agrees to a lesser value in writing. An owner aggrieved by the decision of the board with respect to this item may appeal to the Administrative Law Court where the matter must be heard as a contested case.” SECTION 4. Section 122495 of the 1976 Code is repealed. SECTION 5. SECTION 7 of Act 200 of 2002 is repealed. SECTION 6. (A) Effective July 1, 2018, the South Carolina Conservation Bank board must be made up of members elected pursuant to the provisions of Section 485940, as amended by this act. The members serving on the board immediately prior to July 1, 2018, must no longer serve on the commission unless the member is reappointed pursuant to Section 485940, as amended by this act. The initial appointments to the board must be staggered so that one of the members appointed by the Governor, the members from the Third and Sixth Congressional Districts appointed by the Speaker of the House of Representatives, and the members from the First and Seventh Congressional Districts must be appointed to an initial term of two years. The Governor must clearly specify which of his appointments are for two years terms. The remaining initial appointments and all subsequent appointments must be for fouryear terms pursuant to Section 485940. (B) To ensure an efficient transition, upon approval by the Governor, the appointing officials may begin appointing members whose term will take effect on July 1, 2018. SECTION 7. This act takes effect July 1, 2018. XX
greater. However, this requirement is waived if the owner of the downzoned property agrees to accept a lesser amount. (2) If the owner of an interest in land which is the subject of an application for acquisition with trust funds proves to the satisfaction of the board that intentional and improper acts of planning, zoning, or other regulatory officials resulted in substantial delay or denial of a lawful permit or permission to develop the interest in land and the permit or permission was requested by the owner before the application, then the value of the interest in land is deemed to be its value as if those permits or permissions were granted unless the owner of the interest agrees to a lesser value in writing. An owner aggrieved by the decision of the board with respect to this item may appeal to the Administrative Law Court where the matter must be heard as a contested case.” SECTION 4. Section 122495 of the 1976 Code is repealed. SECTION 5. SECTION 7 of Act 200 of 2002 is repealed. SECTION 6. (A) Effective July 1, 2018, the South Carolina Conservation Bank board must be made up of members elected pursuant to the provisions of Section 485940, as amended by this act. The members serving on the board immediately prior to July 1, 2018, must no longer serve on the commission unless the member is reappointed pursuant to Section 485940, as amended by this act. The initial appointments to the board must be staggered so that one of the members appointed by the Governor, the members from the Third and Sixth Congressional Districts appointed by the Speaker of the House of Representatives, and the members from the First and Seventh Congressional Districts must be appointed to an initial term of two years. The Governor must clearly specify which of his appointments are for two years terms. The remaining initial appointments and all subsequent appointments must be for fouryear terms pursuant to Section 485940. (B) To ensure an efficient transition, upon approval by the Governor, the appointing officials may begin appointing members whose term will take effect on July 1, 2018. SECTION 7. This act takes effect July 1, 2018. XX