Current Status Bill Number:1074 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19960130 Primary Sponsor:Reese All Sponsors:Reese Drafted Document Number:bbm\10510jm.96 Residing Body:Senate Current Committee:Judiciary Committee 11 SJ Subject:Public utility, leasehold property
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
Senate 19960130 Introduced, read first time, 11 SJ
referred to Committee
View additional legislative information at the LPITS web site.
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 27-1-60 SO AS TO ALLOW UNDER CERTAIN CONDITIONS THE PURCHASE OF CERTAIN LEASEHOLD PROPERTY FROM A PUBLIC UTILITY AT THE 1980 APPRAISED VALUE OF THE PROPERTY AND DEFINE "PUBLIC UTILITY" FOR THE PURPOSES OF THIS SECTION.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The 1976 Code is amended by adding:
"Section 27-1-60. Notwithstanding any other provision of law:
(1) Any person who purchased a leasehold right or interest in real property from a public utility, as defined in this section, before the effective date of this section and was informed by the utility before or at the time of such purchase that the property could never, or would never, be sold in fee simple absolute shall be allowed to purchase that property in fee simple absolute from the utility for the 1980 appraised value of the property.
(2) For the purposes of this section, `public utility' includes every corporation and person delivering, furnishing, supplying, marketing, producing, distributing, or selling natural gas, and every corporation and person furnishing, supplying, producing, distributing, or selling in any manner heat, including by means of electricity or electric power, water, (whether at wholesale or retail), sewerage collection, sewerage disposal, and street railway service, or any of them, to the public, or any portion of the public, for compensation. However, a corporation or person delivering, furnishing, supplying, marketing, producing, distributing, or selling natural gas at the retail level for use as a fuel in self-propelled vehicles shall not be considered a public utility for the purposes of this section by virtue of such delivering, furnishing, supplying, marketing, producing, distributing, or selling of the natural gas."
SECTION 2. This act takes effect upon approval by the Governor.