Establishes the South Carolina Conservation Bank and modifies eligibility for trust fund recipients.
The bill amends the South Carolina Code to establish the South Carolina Conservation Bank, governed by an eighteen-member board. It modifies the definition of "Eligible trust fund recipient" to include not-for-profit charitable corporations or trusts authorized to do business in the state. The bill also changes public access requirements for fee simple interests acquired with trust funds, mandating public access as approved by the board, while exempting grants for conservation easements on private lands from this requirement.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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