SOUTH CAROLINA REVENUE AND FISCAL AFFAIRS OFFICE
S
TATEMENT OF ESTIMATED FISCAL IMPACT
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This fiscal impact statement is produced in compliance with the South Carolina Code of Laws and House and Senate rules. The focus of
the analysis is on governmental expenditure and revenue impacts and may not provide a comprehensive summary of the legislation.
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H. 3644
Fiscal Impact Summary
This bill amends the powers and duties of the Greenville Airport Commission by increasing the
authorized total indebtedness of the Commission from $1 million to $20 million. Indebtedness is
payable solely from the revenue derived from the operation of any revenue-producing facility
under the Commission’s jurisdiction. The Commission may mortgage or pledge any assets in
connection with such indebtedness.
The Greenville Airport Commission indicates that this bill may increase expenses related to the
repayment of the principal debt incurred plus interest, the amount of which will depend upon the
terms of the financial agreement. However, the Commission anticipates that any increase in
expenditures will be managed with existing funds.
Explanation of Fiscal Impact
Prefiled on December 12, 2024
State Expenditure
N/A
State Revenue
N/A
Local Expenditure
This bill amends the powers and duties of the Greenville Airport Commission by increasing the
authorized total indebtedness of the Commission from $1 million to $20 million. Indebtedness is
payable solely from the revenue derived from the operation of any revenue-producing facility
under the commission’s jurisdiction. The Commission may mortgage or pledge any assets in
connection with such indebtedness. The money may be borrowed to pay costs incident to the
operation and maintenance of the airport facility or for any extension, addition, or improvement
to its facility. Further, the bill specifies that the City and County of Greenville will not be
responsible for the payment of any such obligations made by the Commission.
The Greenville Airport Commission indicates that this bill may increase expenses related to the
repayment of the principal debt incurred plus interest, the amount of which will depend upon the
Bill Number: H. 3644 Prefiled on December 12, 2024
Subject: Greenville Airport Commission
Requestor: House Wa ys and Means
RFA Analyst(s): Bryant
Impact Date: January 2, 2025
__________________________________
Frank A. Rainwater, Executive Director
DISCLAIMER: THIS FISCAL IMPACT STATEMENT REPRESENTS THE OPINION AND INTERPRETATION OF THE
AGENCY OFFICIAL WHO APPROVED AND SIGNED THIS DOCUMENT. IT IS PROVIDED AS INFORMATION TO
THE GENERAL ASSEMBLY AND IS NOT TO BE CONSIDERED AS AN EXPRESSION OF LEGISLATIVE INTENT.
Page 2 of 2
H. 3644
terms of the financial agreement. However, the Commission anticipates that any increase in
expenditures will be managed with existing funds.
Local Revenue
N/A