The bill H. 4674 aims to establish a legal framework for the disposal of abandoned and derelict aircraft at publicly owned or public-use airports in South Carolina. It introduces Chapter 7 to Title 55 of the South Carolina Code, defining key terms such as "abandoned aircraft" and "derelict aircraft," and outlining the responsibilities of airport managers in identifying and disposing of such aircraft. The bill specifies that airport managers must notify the last registered owners and lienholders of the aircraft, detailing the conditions under which the aircraft is deemed abandoned or derelict, and the steps they must take to reclaim the aircraft or contest the determination.

Additionally, the bill outlines the process for disposal, including the requirement for a court petition to authorize the sale of the aircraft, and mandates that any net proceeds from the sale be distributed to the rightful owners or, if they cannot be located, to the State Aviation Fund. The legislation also provides for the recovery of accrued fees associated with the aircraft and allows for hardship considerations that may delay the disposal process. The act will take effect upon the Governor's approval.