View Amendment Current Amendment: 7 to Bill 3194

Rep. DAVIS proposes the following Amendment No. 7 to H. 3194 (COUNCIL\PH\3194C001.JN.PH21):

Reference is to Printer's Date 1/13/21-H.

Amend the bill, as and if amended, PART II, by striking SECTION 3 and inserting:

\ SECTION3. Before the South Carolina Public Service Authority and its assets and liabilities may be sold or conveyed to a public or private entity and before a contract for sale for same may be entered into, the Department of Administration must cause a full study to be undertaken in the territory of the Authority to determine the economic and other impacts of the sale, both pro and con, in the areas affected. The results of this study must be provided to the Governor, the General Assembly, and the general public upon its completion, and the sale or conveyance of the Public Service Authority may not be undertaken or a contract for such a sale entered into until the study is completed.

The General Assembly further pledges and commits by the provisions of this section to enact and implement without delay, based on the study, meaningful economic incentive packages for those areas and individuals adversely affected as a result of a sale in terms of jobs lost, adverse effects on communities, and diminished prospects for future economic growth.

SECTION4. In the event that provisions of this act and provisions of Act 95 of 2019 conflict, the provisions of this act shall control. /