South Carolina House Bill 4793 (Prior Session Legislation)

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Sponsorship: Moderate Partisan Bill (Republican 5-1)
Status: Introduced on March 25 2010 - 25% progression, died in committee
Action: 2010-03-25 - Referred to Committee on Ways and Means HJ-57
Pending: House Ways and Means Committee

A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING CHAPTER 14 TO TITLE 46 SO AS TO ENACT THE "SOUTH CAROLINA AGRIBUSINESS ECONOMIC DEVELOPMENT AUTHORITY ACT OF 2010", TO CREATE THIS AUTHORITY WITHIN THE DEPARTMENT OF AGRICULTURE TO HELP ALLEVIATE THE SHORTAGE OF CAPITAL AND CREDIT AVAILABLE FOR INVESTMENT IN AGRIBUSINESS; TO PROVIDE FOR THE AUTHORITY'S MEMBERS, OFFICERS, AND EMPLOYEES; TO PROVIDE FOR THE AUTHORITY'S POWERS INCLUDING, AMONG OTHER THINGS, THE AUTHORITY TO MAKE AGRIBUSINESS LOANS, TO ISSUE BONDS IN ORDER TO MAKE AND PURCHASE AGRIBUSINESS LOANS, AND TO INSURE AND REINSURE AGRIBUSINESS LOANS; TO PROVIDE THAT THE AUTHORITY IS EXEMPT FROM PROPERTY TAX; AND TO FURTHER PROVIDE THE DUTIES AND OBLIGATIONS OF THE AUTHORITY AND PROCEDURES UNDER WHICH THE AUTHORITY SHALL CARRY OUT ITS POWERS, DUTIES, AND OBLIGATIONS.

Enact The "south Carolina Agribusiness Economic Development Authority Act Of 2010", To Create This Authority Within The Department Of Agriculture To Help Alleviate The Shortage Of Capital And Credit Available For Investment In Agribusiness; To Provide For The Authority's Members, Officers, And Employees; To Provide For The Authority's Powers Including, Among Other Things, The Authority To Make Agribusiness Loans, To Issue Bonds In Order To Make And Purchase Agribusiness Loans, And To Insure And Reinsure Agribusiness Loans; To Provide That The Authority Is Exempt From Property Tax; And To Further Provide The Duties And Obligations Of The Authority And Procedures Under Which The Authority Shall Carry Out Its Powers, Duties, And Obligations.

Rep. Shannon Erickson [R]	Rep. Kenneth Hodges [D]	Sen. Dwight Loftis [R]	Rep. James Merrill [R]
Rep. Lewis Pinson [R]	Rep. Michael Pitts [R]

Date	Chamber	Action
2010-03-25		Referred to Committee on Ways and Means HJ-57
2010-03-25		Introduced and read first time HJ-57

Type	Source
Summary	https://www.scstatehouse.gov/cgi-bin/web_bh10.exe?bill1=4793&session=118