[{"_1":2,"_100":-5,"_101":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76,88],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6346262,"mediaKeyId","2247174-5f7b636f8cb143a65757e21101a72174","parentId",2247174,"title","Patriot's Point seeks $25 million for landside building and higher spending authorization for ship preservation","audioSeconds",251,"startMs",1220000,"endMs",1471000,"viewUrl","/Search/View?dp=1&key=2247174-5f7b636f8cb143a65757e21101a72174&start=1220&end=1471","thumbnailUrl","https://assets.pipeline.soar.com/2247174-5f7b636f8cb143a65757e21101a72174/thumbnail_1220000.jpg","articleUrl","/articles/6346262/South-Carolina/Patriots-Point-seeks-25-million-for-landside-building-and-higher-spending-authorization-for-ship-preservation","mediaUrl","https://secure.pipeline.soar.com/6346262-1cc4afadf086f7f8c41a5dbe273812a5/orig.mp4?Expires=1771153398&Signature=HvTZXhqievsKwaN9TGbFQ~BoNPre7u9lupgap0rp2N-zqI1FDZNiYjJKAXb1ECavgHvQWUtcuT6g8ZjnRuVRoEiCdMZi2qsh30r-sKK7tNA~qGa8aa7JVTtAymzlESf0IDw7xrZNbZJUVpbtAICKuTde7QYwYJxVWkR5catpGz7jLk2ZnpIAClJmY44cUEfRnXaXJId9-JkWO4bHvqcSmSguuGALSzaoCPl65rfRXjG8g3EtsYD2uGyETRUR24FBgiD2yaVnACST25UI-HTEZIiscF6mDneziEoX0D0eB6WANWbg0oEuHB4UfbbG6WYvx7FLZSBlxq7DIEvleLensA__&Key-Pair-Id=KUT5TJCACFTXG","author","Constitutional Subcommittee Meeting of the House Ways and Means ","date","2025-01-15T00:00:00Z","article","Nick Magar, chief financial officer of Patriot's Point, told the Constitutional Subcommittee on Jan. 15 that the organization is requesting $25 million in capital funding to build a new landside retail and office building with structured parking and is asking to increase its annual authorization from $15 million to $20 million to cover deferred maintenance and remediation costs.

Magar said the landside building would provide office space, ADA‑compliant meeting rooms, a gift shop, exhibit and public assembly space, and IT/data facilities. He explained the project would allow Patriot's Point to relocate current administrative functions that are on board the USS Yorktown, free up higher-value waterfront property for developer activity, and add parking to maximize revenue generation at the site.

The organization described a broader preservation and revenue plan: a Phase 2 Yorktown remediation project is set to begin in early February; a museum master plan and Patriots Annex development are underway; and the PPD is pursuing leases expected to generate increasing revenue. Magar and board members said the operation already runs lease revenue and expects to take in about $4 million in lease revenue this year and more over time as development proceeds.

Patriot's Point also reported capital‑related numbers: it spent about $13.2 million on projects in the prior year, intends an increased payment on the USS Laffey loan (current balance reported at about $4.1 million) and expects to be able to pay the loan off within the next two fiscal years if revenue projections hold. The USS Laffey was described as scheduled to go into dry dock in early 2026 for maintenance expected to sustain the ship for another decade.

Board members and committee members discussed whether the developer should fund the cost to move Patriot's Point facilities; presenters said earlier lease negotiations and approvals allocated responsibilities and that Patriot's Point has historically been responsible for constructing a new facility when development occurs. Patriot's Point representatives said the prior lease arrangements and approvals (including JBRC involvement) shaped who pays for building and parking improvements.

The organization said the remediation work for the Yorktown includes structural assessments and tank inspections that will inform whether additional internal structural repairs are needed; they said an assessment from 2013 estimated roughly $50 million of work over decades but that none of it was described as immediately urgent in that earlier report. Patriot's Point asked the committee for authorization increases (not a direct general‑fund appropriation) and for continued legislative support for the long‑term preservation plan; no formal vote occurred at the hearing.","mediaType","Video","parentTitle","House Ways and Means Committee -- Constitutional Subcommittee Meeting of the House Ways and Means Committee 01/15/2025","oneSentenceSummary","Patriot's Point representatives asked the subcommittee for $25 million in capital funding for a new landside retail/office building (including structured parking) and an increase in annual spending authorization from $15 million to $20 million to cover deferred maintenance, remediation and loan payments.","taxTitle","Constitutional Subcommittee Meeting of the House Ways and Means Committee, Ways and Means, Standing, HOUSE OF REPRESENTATIVES, Committees, Legislative, South Carolina","taxId",78545,"location","South Carolina","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6346267,"Revenue and Fiscal Affairs: agency sees state revenue running ahead of estimate, no budget changes requested",59,1047000,1106000,"/Search/View?dp=1&key=2247174-5f7b636f8cb143a65757e21101a72174&start=1047&end=1106","https://assets.pipeline.soar.com/2247174-5f7b636f8cb143a65757e21101a72174/thumbnail_1047000.jpg","/articles/6346267/South-Carolina/Revenue-and-Fiscal-Affairs-agency-sees-state-revenue-running-ahead-of-estimate-no-budget-changes-requested","https://secure.pipeline.soar.com/6346267-50996a085efbfb03e39a7dcfef8281c1/orig.mp4?Expires=1771153399&Signature=hI933WWPsSh69NL~dij-M8bscqwjAi1gVCMcjqIBuBtu~9OMg-eQYTfQUo1U9LCnIZn0wsI-dT6Dpq4DoK00oYaY9s0q92pbseIPKais5VcxqBAy0pf~oRTPFAUj56hp8XfJtblTspNn14UlK0oxfss0S24mN0tbDyTU84e4f8tpCLW-phuzBne74I6D2rjAGxhaOU3BJ~zODGVtSyXYXI3z4VFbQcClxAm0xq7t1sjgbS81mQjFAoRe4gowW5WvXP-n1dpaUggOg-Q81xMTJKrCfVERiGOHBRHscNkW0Qrl55bzMTwditaW8EVvz40Y5eOgk4-TuwQO-960iug3PA__&Key-Pair-Id=KUT5TJCACFTXG","Mike Rainwater of the South Carolina Revenue and Fiscal Affairs office told the Constitutional Subcommittee on Jan. 15 that the agency has no budget change requests and that current indicators show revenue running higher than expected.

Rainwater said employment and migration trends are supporting revenue growth and that, through this point in the fiscal year, collections are “a couple of hundred million dollars above our estimate.” He told members the agency will produce its next official revenue estimate in mid‑February (the board meets Feb. 14–15 to consider updates).

The agency stressed caution: large portions of corporate tax receipts are realized late in the filing cycle (April), and the board will weigh whether the better-than-expected receipts are persistent before recommending changes to the estimate. Rainwater said the agency draws on staff experience in Ways and Means and the governor’s office to balance providing usable guidance while avoiding over‑promising revenue.

Committee members offered thanks for the update; the agency did not request proviso changes or additional funding during the presentation.","Agency representatives told the subcommittee the economy remains strong, employment is growing and revenues are running above estimate; the agency requested no additional funding and said it will issue the next revenue estimate in mid‑February.",{"_33":89,"_35":36,"_37":38,"_39":90,"_41":91,"_43":92,"_45":93,"_47":94,"_49":95,"_51":96,"_53":97,"_55":56,"_57":58,"_59":98,"_61":62,"_63":64,"_65":99,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6346271,"South Carolina Secretary of State reports rising filings, asks for charity-staffing and technology authority increases",770,71000,841000,"/Search/View?dp=1&key=2247174-5f7b636f8cb143a65757e21101a72174&start=71&end=841","https://assets.pipeline.soar.com/2247174-5f7b636f8cb143a65757e21101a72174/thumbnail_71000.jpg","/articles/6346271/South-Carolina/South-Carolina-Secretary-of-State-reports-rising-filings-asks-for-charity-staffing-and-technology-authority-increases","https://secure.pipeline.soar.com/6346271-ce531f701b9bfd59b06dca1f4dff5ee0/orig.mp4?Expires=1771153399&Signature=EIQ0HZw6lQ7IgIYC5S49RevBQN6~P75gMUKRzdb3t9at4zZ9XY2-1nvAV~YZS7hyOdIuOqOYUux0cB-my11xR4cV1ZZ--P5AE9yQtyX82LbkQT4XLL3zndtPk0iW8BN3opSBgBzoW1NWShQy7Udcke2hJj8XBKLFwdoaOjh5RAbZpqPTXBoF~xNFEkelu5gV1sgUJz4qPWEICci5a8KufGIGsb3OWaogfsge2Ga1qePtjlzp7Tv7cOdK-TFxdq4h1RMQ6oNR0T3rUAVboYtxpSGdIFyTZnqqzKTXi4ncYd2vUhKIdyGXKG0BsBQlh6cu7ytfDrW17ziyVHS64AGGcg__&Key-Pair-Id=KUT5TJCACFTXG","South Carolina Secretary of State Stephanie Hammond told the Constitutional Subcommittee on Jan. 15 that filing activity in her office has increased and the office is seeking additional authority to handle rising workload and technology needs.

Hammond said the office handled “over 182,000 business filings,” that about 90% of corporate filings now are processed online and that combined corporate and UCC filings totaled about 293,000 last year. She said the office counted roughly 60,000 notaries and recorded about 609,000 total filings across duties that also include trademarks and cable franchising.

The request before the subcommittee included: one additional employee for the charities division paid from the division’s retained funds (not an FTE charged to the general fund); an increase in spending authority of $150,000 to help with employee retention and technology upgrades; and $55,223 to offset increased benefits costs.

Hammond described the charities work in detail, saying the office received roughly 790 complaints about nonprofit organizations and collected $1,010,000 in fines last year. She said the office retained about $200,000 of those fines and remitted the remainder to the state general fund, and she asked that proviso 96.4 be increased by $150,000 (to $350,000 total) to allow the charities division to use retained funds for enforcement and notification costs.

On information-technology needs, Hammond said the office maintains multiple backups — including paid services through the Department of Administration — and is building a new trademark system to accept online trademark filings and certificates. She said the office has worked with DOA and state contractors (formerly NIC, now Tyler Technologies) on backups and application development and is exploring an identity-proofing process to prevent fraudulent filers.

Representative Kaske offered praise for the office’s customer service and online systems during the hearing. Committee members asked staff to check with the Department of Administration about whether DOA can assist with some IT work; Hammond said her office already partners with DOA on backup services and would continue to coordinate.

The subcommittee did not take a formal vote on Hammond’s requests at the hearing; members requested follow-up information on DOA coordination and the existing lease/proviso details cited by the secretary.","Secretary Stephanie Hammond told the House Ways and Means Constitutional Subcommittee that business and notary filings have grown, the office collected about $1.01 million in fines from charities last year and she is requesting additional authorization for staffing and technology upgrades funded from other funds.","actionData","errors"]

Article not found

Patriot's Point seeks $25 million for landside building and higher spending authorization for ship preservation

Revenue and Fiscal Affairs: agency sees state revenue running ahead of estimate, no budget changes requested

South Carolina Secretary of State reports rising filings, asks for charity-staffing and technology authority increases