satisfies other criteria contained in subsection (D) in a substantial way. (2) The board shall authorize at least ten percent of the monies credited to the trust fund during the preceding fiscal year for the acquisition of interests in land that provides public access. To the extent the ten percent authorization required by this item is not met in any particular year, the balance must be carried over and used for acquisition of interests in land that provide public access in ensuing years. (3) The board may authorize up to eight and thirtythree one hundredths percent of the monies credited to the trust fund after June 30, 2015, to applications that solely or primarily meet the criteria of subsection (D)(13). No additional monies in the trust fund may be awarded to applications for acquisition of interests in land that solely satisfies the criteria of subsection (D)(6) unless the application also satisfies other criteria contained in subsection (D) in a substantial way. To implement this item, grants or loans may be awarded to the Department of Natural Resources and to other eligible trust fund recipients with the approval of the Department of Natural Resources.” SECTION 6. Section 485975 of the 1976 Code is amended to read: 485975. In a fiscal year when the General Assembly in “Section the annual general appropriations act provides less appropriations than what was provided for the previous year to at least onehalf of the state agencies or departments contained therein in the act or in any year when the Budget and Control Board orders across the board cuts to state agencies and departments in the manner provided by law, no further transfer of deed recording fees or other appropriated funds, state or local, may be credited to the trust fund for the fiscal year or balance of the fiscal year, the transfer of deed recording fees and other appropriated funds to the South Carolina Conservation Bank Trust Fund must be decreased by twice the average percentage reduction of appropriations to each agency or department, but existing balances in the trust fund may be used as provided by Chapter 59 of, Title 48 of the 1976 Code.” SECTION 7. This act takes effect upon approval of the Governor, notwithstanding Section 5, which takes effect on July 1, 2015. XX
satisfies other criteria contained in subsection (D) in a substantial way. (2) The board shall authorize at least ten percent of the monies credited to the trust fund during the preceding fiscal year for the acquisition of interests in land that provides public access. To the extent the ten percent authorization required by this item is not met in any particular year, the balance must be carried over and used for acquisition of interests in land that provide public access in ensuing years. (3) The board may authorize up to eight and thirtythree one hundredths percent of the monies credited to the trust fund after June 30, 2015, to applications that solely or primarily meet the criteria of subsection (D)(13). No additional monies in the trust fund may be awarded to applications for acquisition of interests in land that solely satisfies the criteria of subsection (D)(6) unless the application also satisfies other criteria contained in subsection (D) in a substantial way. To implement this item, grants or loans may be awarded to the Department of Natural Resources and to other eligible trust fund recipients with the approval of the Department of Natural Resources.” SECTION 6. Section 485975 of the 1976 Code is amended to read: “Section 485975. In a fiscal year when the General Assembly in the annual general appropriations act provides less appropriations than what was provided for the previous year to at least onehalf of the state agencies or departments contained therein in the act or in any year when the Budget and Control Board orders across the board cuts to state agencies and departments in the manner provided by law, no further transfer of deed recording fees or other appropriated funds, state or local, may be credited to the trust fund for the fiscal year or balance of the fiscal year, the transfer of deed recording fees and other appropriated funds to the South Carolina Conservation Bank Trust Fund must be decreased by twice the average percentage reduction of appropriations to each agency or department, but existing balances in the trust fund may be used as provided by Chapter 59 of, Title 48 of the 1976 Code.” SECTION 7. This act takes effect upon approval of the Governor, notwithstanding Section 5, which takes effect on July 1, 2015. XX
3868_20150318.docx