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Indicates New Matter
S. 727
STATUS INFORMATION
Joint Resolution
Sponsors: Senators Elliott, Williams and Ford
Document Path: l:\council\bills\nbd\11498dg11.docx
Companion/Similar bill(s): 850
Introduced in the Senate on March 24, 2011
Currently residing in the Senate Committee on Agriculture and Natural Resources
Summary: Capping the price of wholesale gasoline
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 3/24/2011 Senate Introduced and read first time (Senate Journal-page 3) 3/24/2011 Senate Referred to Committee on Agriculture and Natural Resources (Senate Journal-page 3)
View the latest legislative information at the LPITS web site
VERSIONS OF THIS BILL
TO PROVIDE THAT THE WHOLESALE GASOLINE FOR EACH OCTANE SOLD IN THIS STATE MAY NOT EXCEED THE AVERAGE PRICE IT SELLS FOR ON APRIL 15, 2011, AND TO PROVIDE THAT PRICE SHALL REMAIN CAPPED FROM APRIL 15, 2011, UNTIL APRIL 15, 2012.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. (A) The wholesale price of gasoline for each octane rating sold in this State may not exceed the average price it sells for on April 15, 2011, as determined by the South Carolina Department of Revenue.
(B) The prices capped pursuant to subsection (A) are those from the refinery as the gasoline enters South Carolina whether it enters by pipeline, ship, or truck.
(C) The provisions of this section shall remain in effect from April 15, 2011, until April 15, 2012.
SECTION 2. This joint resolution takes effect April 15, 2011.
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