Bill Text: SC H4943 | 2013-2014 | 120th General Assembly | Introduced

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Bill Title: Acquiring a mortgage

Spectrum: Moderate Partisan Bill (Republican 17-2)

Status: (Introduced - Dead) 2014-03-20 - Referred to Committee on Judiciary [H4943 Detail]

Download: South_Carolina-2013-H4943-Introduced.html

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A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 28-2-130 SO AS TO PROHIBIT A PUBLIC BODY FROM ACQUIRING A MORTGAGE USING THE POWER OF EMINENT DOMAIN.

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

SECTION    1.    Article 1, Chapter 2, Title 28 of the 1976 Code is amended by adding:

"Section 28-2-130.    Notwithstanding any other provision of this chapter, a public body may not acquire a mortgage through the power of eminent domain. Further, for purposes of Section 13, Article I of the Constitution of South Carolina, 1895, the General Assembly finds that condemning a mortgage is not a public use and does not remedy blight."

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