Notwithstanding any other provision of law, the Aeronautics Commission is hereby created within the State Fiscal Accountability Authority. The State Fiscal Accountability Authority shall provide administrative support functions to the division. The commission shall oversee the operation of the division as the division's governing body. The Joint Bond Review Committee must review, prior to approval by the Aeronautics Commission, purchases or sales of any aeronautics assets, the value of which exceeds fifty thousand dollars. There may be no purchase or sale of any aeronautics assets without the approval of the commission.
S.C. Code Ann. § 13-1-1010
Commission created; purpose; purchase and sale of aeronautics assets
2005 Act No. 11, SECTION 1.B, eff upon approval (became law without the Governor's signature on January 13, 2005); 2012 Act No. 270, SECTION 13, eff June 18, 2012.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.