Current Status Bill Number:597 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19970401 Primary Sponsor:Hayes All Sponsors:Hayes Drafted Document Number:pt\1084dw.97 Companion Bill Number:3772 Residing Body:Senate Current Committee:York Delegation 87 SLD Subject:York County Natural Gas Authority, may purchase and hold land to sell; Fuel
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ Senate 19970408 Committed to York Delegation 87 SLD Senate 19970401 Introduced, read first time, placed on Calendar without referenceView additional legislative information at the LPITS web site.
Indicates Matter Stricken
Indicates New Matter
INTRODUCED
April 1, 1997
S. 597
S. Printed 4/1/97--S.
Read the first time April 1, 1997.
TO AMEND ACT 959 OF 1954, AS AMENDED, RELATING TO THE CREATION OF THE YORK COUNTY NATURAL GAS AUTHORITY, SO AS TO AUTHORIZE THE AUTHORITY TO PURCHASE AND HOLD LAND FOR SALE AT A LATER DATE TO ONE OR MORE INDUSTRIAL CUSTOMERS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. As incident to the adoption of this act, the General Assembly makes the following findings:
(1) The York County Natural Gas Authority (the 'authority') was created pursuant to Act 959 of the Acts and Joint Resolutions of the General Assembly of the State of South Carolina for the year 1954, as last amended by Act 193 of 1995 ('Act 959'). The authority is presently authorized to purchase, lease, acquire, build, construct, maintain, and operate natural gas distribution systems within its service area and such transmission lines as may be necessary to transport natural gas to these distribution systems from transmission lines owned by the South Carolina Pipeline Company and other sources. The service area of the authority includes all of York County and certain portions of Cherokee County.
(2) In order to enhance the authority's ability to provide natural gas to customers within its service area at competitive rates, the General Assembly has determined that the authority should be authorized to purchase and hold land for sale to new and expanding industries. This authorization will allow the authority to assist in the recruitment of large industrial users of natural gas.
SECTION 2. Section 4(d) of Act 959 of 1954, as last amended by Act 193 of 1995, is further amended to read:
"(d) acquire, purchase, hold, use, lease, mortgage, sell, transfer, and dispose of any property, real, personal or mixed, or any interest therein thereon, including without limitation, the acquisition and holding of land for the purpose of selling it at a later date to one or more industrial customers of the authority;"
SECTION 2. This act takes effect upon approval by the Governor.