Indicates Matter Stricken

Indicates New Matter

 

Amended

May 3, 2023

H. 3075

 

Introduced by Reps Hixon, W. Newton, Mitchell, Yow and Brewer

 

S. Printed 05/03/23--H.

Read the first time January 10, 2023

 

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A bill

 

to amend the South Carolina Code of Laws by amending Section 11-50-30, relating to the South Carolina Rural Infrastructure Authority, so as to direct the authority to provide staff support and assistance for the South Carolina Infrastructure Facilities Authority and the South Carolina Water Quality Revolving Fund Authority; and by repealing Section 1-11-25 relating to the Local Government Division.

    Amend Title To Conform

 

Be it enacted by the General Assembly of the State of South Carolina:

 

SECTION 1.  Section 11-50-30 of the S.C. Code is amended to read:

 

    Section 11-50-30.  (A) There is created a body corporate and politic and an instrumentality of the State to be known as the South Carolina Rural Infrastructure Authority.

    (B) The authority is governed by a board of directors as provided in this chapter.

    (C) The corporate purpose of the authority is to select and assist in financing qualified rural infrastructure by providing loans and other financial assistance to municipalities, counties, special purpose and public service districts, and public works commissions for constructing and improving rural infrastructure facilities. The exercise by the authority of a power conferred in this chapter is an essential public function.

    (D) The authority shall establish and maintain the South Carolina Rural Infrastructure Fund into which monies for the purposes of the authority must be deposited.

    (E)   The authority's Division of Local Government shall provide staff support and assistance for the South Carolina Infrastructure Facilities Authority as established in Chapter 40, Title 11, and the South Carolina Water Quality Revolving Fund Authority as established in Chapter 5, Title 48.

 

SECTION 2.  Section 1-11-25 of the S.C. Code is repealed.

 

SECTION 3.  Section 11-50-40(13) of the S.C. Code is amended to read:

 

    (13) "Rural infrastructure project" means the acquisition, construction, installation, modification, renovation, repair, extension, renewal, replacement, or rehabilitation of land, interest in land, buildings, structures, facilities, or other improvements and the acquisition, installation, modification, renovation, repair, extension, renewal, replacement, rehabilitation, or furnishing of fixtures, machinery, equipment, furniture, or other property of any nature whatsoever used on, in, or in connection with any such land, interest in land, building, structure, facility, or other improvement, for the essential public purpose of providing environmental facilities and services to meet public health and environmental standards and to aid the development of trade, commerce, industry, agriculture, aquaculture, and employment opportunities, all of which must be primarily located in a county designated as distressed or least developedTier III or IV pursuant to Section 12-6-3360 for 2009in the year in which the loan or financial assistance is awarded, or located in a county with a project that otherwise meets the requirements of this item. A rural infrastructure project also includes water supply and aquaculture projects.

 

SECTION 4.  Section 1-11-26 of the S.C. Code is repealed.

 

SECTION 5.  This act takes effect upon approval by the Governor.

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