Amends South Carolina law to remove annual maximum on redevelopment fees and sunset provision.

This bill amends South Carolina law to remove the annual maximum on redevelopment fees and a sunset provision. It modifies the South Carolina Code to eliminate restrictions on the amount of redevelopment fees that can be remitted. Additionally, it removes a sunset provision that would have ended the authority to remit redevelopment fees. The bill also addresses the conveyance of certain parcels of real property from the Charleston Naval Complex Redevelopment Authority to the City of North Charleston.

Amends South Carolina law to remove annual maximum on redevelopment fees and sunset provision.

This bill amends South Carolina law to remove the annual maximum on redevelopment fees and a sunset provision. It modifies the South Carolina Code to eliminate restrictions on the amount of redevelopment fees that can be remitted. Additionally, it removes a sunset provision that would have ended the authority to remit redevelopment fees. The bill also addresses the conveyance of certain parcels of real property from the Charleston Naval Complex Redevelopment Authority to the City of North Charleston.