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Indicates Matter Stricken
Indicates New Matter
S. 753
STATUS INFORMATION
Joint Resolution
Sponsors: Senators Leatherman, Setzler and Massey
Document Path: l:\council\bills\nl\13704sd18.docx
Introduced in the Senate on January 9, 2018
Currently residing in the Senate Committee on Finance
Summary: Public Service Authority
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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12/6/2017 Senate Prefiled
12/6/2017 Senate Referred to Committee on Finance
1/9/2018 Senate Introduced and read first time (Senate Journal-page 32)
1/9/2018 Senate Referred to Committee on Finance (Senate Journal-page 32)
View the latest legislative information at the website
VERSIONS OF THIS BILL
TO PROVIDE THAT THE BOARD OF DIRECTORS OF THE PUBLIC SERVICE AUTHORITY SHALL PLACE THE SECURITIZED PROCEEDS IT RECEIVED FROM THE SETTLEMENT MITIGATION WITH THE CONSTRUCTION CONTRACTOR OF THE TWO ABANDONED NUCLEAR REACTORS AT JENKINSVILLE IN AN ESCROW ACCOUNT UNTIL SUCH TIME AS THE JOINT BOND REVIEW COMMITTEE APPROVES THE FURTHER USE OF THE FUNDS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The Board of Directors of the Public Service Authority shall place the securitized proceeds it received from the settlement mitigation with the construction contractor of the two abandoned nuclear reactors at Jenkinsville in an escrow account until such time as the Joint Bond Review Committee approves the further use of the funds. The board may not approve and the authority may not expend any of these funds for a purpose or use other than as permitted by this section.
SECTION 2. This joint resolution takes effect upon approval by the Governor.
This web page was last updated on
January 10, 2018 at 8:39 AM