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Indicates Matter Stricken
Indicates New Matter
Indicates Matter Stricken
Indicates New Matter
COMMITTEE REPORT
March 21, 2018
S. 1101
S. Printed 3/21/18--S.
Read the first time March 7, 2018.
To whom was referred a Bill (S. 1101) to amend Act 205 of 2016, relating to an exemption of private, for-profit pipeline companies from certain rights, powers, and privileges of telegraph and telephone companies that, etc., respectfully
That they have duly and carefully considered the same and recommend that the same do pass:
LUKE A. RANKIN for Committee.
Explanation of Fiscal Impact
Introduced on March 7, 2018
State Expenditure
This bill amends Section 2 of Act 205 of 2016 to extend the sunset provision from June 30, 2019, to November 30, 2020. Act 205 of 2016 relates to the eminent domain of property to exclude private, for-profit pipeline companies from the definition of public utility.
PSC indicates that the extension of the sunset from June 30, 2019, to November 30, 2020, to exclude private, for-profit companies from the definition of public utility will not increase the workload of the agency or require the agency to retain outside experts. Therefore, the bill will have no expenditure impact on other funds. Additionally, since PSC operates solely on other funds, the bill will have no expenditure impact on the general fund or federal funds.
Frank A. Rainwater, Executive Director
Revenue and Fiscal Affairs Office
TO AMEND ACT 205 OF 2016, RELATING TO AN EXEMPTION OF PRIVATE, FOR-PROFIT PIPELINE COMPANIES FROM CERTAIN RIGHTS, POWERS, AND PRIVILEGES OF TELEGRAPH AND TELEPHONE COMPANIES THAT OTHERWISE ARE EXTENDED TO PIPELINE COMPANIES, TO EXTEND THE SUNSET PROVISION TO NOVEMBER 30, 2020.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. SECTION 2 of Act 205 of 2016 is amended to read:
"SECTION 2. Unless the General Assembly amends Section 58-7-10 in any manner before the passing of three years after the effective date of this act or if the language of subsection (B) is reenacted or otherwise extended by the General Assembly, the provisions of subsection (B), as added by this act, are repealed June 30, 2019 November 30, 2020."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on March 21, 2018 at 7:17 PM