South Carolina General Assembly
112th Session, 1997-1998

Bill 4575


Indicates Matter Stricken
Indicates New Matter


                    Current Status

Bill Number:                    4575
Type of Legislation:            General Bill GB
Introducing Body:               House
Introduced Date:                19980204
Primary Sponsor:                Harrison
All Sponsors:                   Harrison and Klauber 
Drafted Document Number:        dka\4761mm.98
Companion Bill Number:          1046
Residing Body:                  Senate
Current Committee:              Judiciary Committee 11 SJ
Date of Last Amendment:         19980325
Subject:                        Property, condemnation of; eminent
                                domain, appraisal defined to include
                                certain replacement costs

History

Body    Date      Action Description                       Com     Leg Involved
______  ________  _______________________________________  _______ ____________

Senate  19980327  Introduced, read first time,             11 SJ
                  referred to Committee
House   19980326  Read third time, sent to Senate
House   19980325  Amended, read second time
House   19980317  Request for debate by Representative             Meacham
                                                                   Altman
                                                                   Young-
                                                                   Brickell
                                                                   Kirsh
                                                                   Moody-
                                                                   Lawrence
                                                                   Klauber
                                                                   Simrell
                                                                   Sandifer
                                                                   Allison
                                                                   Gamble
                                                                   Knotts
House   19980312  Committee report: Favorable with         25 HJ
                  amendment
House   19980204  Introduced, read first time,             25 HJ
                  referred to Committee


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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

Indicates Matter Stricken
Indicates New Matter

AMENDED

March 25, 1998

H. 4575

Introduced by Reps. Harrison and Klauber

S. Printed 3/25/98--H.

Read the first time February 4, 1998.

A BILL

TO AMEND SECTION 28-2-30, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEFINITIONS FOR PURPOSES OF THE EMINENT DOMAIN PROCEDURE ACT, SO AS TO DEFINE "APPRAISAL" IN INSTANCES OF CONDEMNATION OF PROPERTY OF A REGULATED PRIVATELY OWNED WATER OR SEWER UTILITY TO PROVIDE THAT THE VALUATION FOR COMPENSATION PAYABLE FOR THE PROPERTY INCLUDE ALL APPROPRIATE VALUATIONS, INCLUDING THE REPLACEMENT COST, INCOME, AND SALES COMPARISON METHODS OF VALUATION.

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

SECTION 1. Section 28-2-30(2) of the 1976 Code is amended to read:

"(2) 'Appraisal' means an opinion as to the value of compensation payable for property, prepared by or under the direction of an individual qualified by knowledge, skill, experience, training, or education to express an opinion as to the value of the compensation. An appraisal includes the assessment of general and specific benefits to the owner as offsets against any damages to the property. If the appraised property includes all or a substantial portion of the property of a regulated privately owned water or sewer utility, the opinion as to the value of compensation payable for the property must include all appropriate valuations, including the replacement cost, income, and sales comparison methods of valuation. Replacement cost is computed less depreciation and does not include contributions-in-aid-of construction."

SECTION 2. This act takes effect upon approval by the Governor.

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