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H 3083 - SC Resilience Revolving Fund Act

Tracking Level: Of Interest
Sponsor: Heather Crawford (R)
Last Action: 1/24/2019 - House - Member(s) request name added as sponsor: Cogswell
House Committee: WM
Assigned To:
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Staff Analysis of the Legislation

Summary of the bill as introduced: Establishes a fund to provide low interest loans to perform flooded-home buyouts and floodplain restoration.

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Session 123 - (2019-2020)Printer Friendly
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H 3083 General Bill, By Crawford and Cogswell
Similar (S 0259)
Summary: SC Resilience Revolving Fund Act
    A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING CHAPTER 61 TO TITLE 48 SO AS TO ENACT THE "SOUTH CAROLINA RESILIENCE REVOLVING FUND ACT"; TO ESTABLISH THE "SOUTH CAROLINA RESILIENCE REVOLVING FUND" TO PROVIDE LOW INTEREST LOANS TO PERFORM FLOODED-HOME BUYOUTS AND FLOODPLAIN RESTORATION, TO AUTHORIZE THE BANK TO UNDERTAKE CERTAIN ACTIONS IN ORDER TO PROPERLY FUNCTION, TO ESTABLISH CERTAIN CRITERIA FOR LOANS AND ELIGIBLE FUND RECIPIENTS, TO PROVIDE CERTAIN REQUIREMENTS FOR THE MONIES WITHIN THE FUND, AND TO AUTHORIZE THE DEPARTMENT OF NATURAL RESOURCES TO UNDERTAKE CERTAIN ACTIONS TO EFFECTIVELY OPERATE THE FUND.
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12/18/18 Prefiled
12/18/18House Referred to Committee on Agriculture, Natural Resources and Environmental Affairs
01/08/19House Introduced and read first time (House Journal-page 79)
01/08/19House Referred to Committee on Agriculture, Natural Resources and Environmental Affairs (House Journal-page 79)
01/16/19House Recalled from Committee on Agriculture, Natural Resources and Environmental Affairs (House Journal-page 44)
01/16/19House Committed to Committee on Ways and Means (House Journal-page 44)
01/24/19House Member(s) request name added as sponsor: Cogswell



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