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S 0766 - Allows SC Electric Cooperatives to use unclaimed property as equity in energy efficiency programs

Tracking Level: Passed
Sponsor: McConnell
Last Action: 6/20/2011 - Act No. 44
Senate Committee:
Assigned To:
04.04.11Next Bill
04.11.11Next Bill
05.02.11Next Bill
05.09.11Next Bill
Assign Staff: Ed Schafer (eschafer@masc.sc)

Staff Analysis of the Legislation

05.11.11 The House Labor, Commerce and Industry committee gave this bill a favorable report.
05.05.11 The House Labor, Commerce and Industry Public Utility subcommittee gave this bill a favorable report.
04.12.11 The Senate Judiciary committee gave this bill a favorable report with an amendment. As soon as the amendment is available, it will be posted.
04.07.11 A Senate Judiciary subcommittee gave this bill a favorable report.
Summary of the bill as introduced: Allows the SC Electric Cooperatives to use the state's unclaimed property as equity in energy efficiency programs and renewable energy initiatives.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text
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Session 119 - (2011-2012)
S*0766 (Rat #0067, Act #0044 of 2011) General Bill, By McConnell, Leatherman, Alexander, Anderson, Scott, Coleman, O'Dell, Verdin, L. Martin, Ford, Massey, Knotts, Grooms, Nicholson, Shoopman, Elliott and Setzler
Summary: Electric cooperatives to spearhead energy efficiency and renewable energy initiatives
    AN ACT TO AMEND SECTION 33-49-460, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DISTRIBUTION OF EXCESS REVENUE TO SOUTH CAROLINA'S ELECTRIC COOPERATIVES' MEMBERS, SO AS TO ALLOW SOUTH CAROLINA ELECTRIC COOPERATIVES TO ADVOCATE ENERGY EFFICIENCY AND RENEWABLE ENERGY INITIATIVES IN THIS STATE AND TO PROVIDE CLARITY TO PATRONAGE CAPITAL PROCEDURES; TO AMEND SECTION 27-18-20, RELATING TO DEFINITIONS OF TERMS USED IN THE UNIFORM UNCLAIMED PROPERTY ACT, SO AS TO DELETE ELECTRIC COOPERATIVE PATRONAGE ALLOCATIONS FROM THE UNIFORM UNCLAIMED PROPERTY ACT; TO AMEND SECTION 33-46-460, RELATING TO THE DISTRIBUTION OF EXCESS REVENUE BY TELEPHONE COOPERATIVES AND WHAT CONSTITUTES EXCESS REVENUE, SO AS TO PROVIDE PROCEDURES FOR THE ALLOCATION OF PATRONAGE CAPITAL AND POLICIES AND PROCEDURES REGARDING ABANDONED PATRONAGE CAPITAL; AND TO AMEND SECTION 27-18-30, RELATING TO PROPERTY THAT IS PRESUMED ABANDONED PURSUANT TO THE UNIFORM UNCLAIMED PROPERTY ACT, SO AS TO DELETE ELECTRIC COOPERATIVE PATRONAGE CAPITAL FROM THE PURVIEW OF THE STATUTE. - ratified title
View full text          View Vote History
04/05/11Senate Introduced and read first time (Senate Journal-page 21)
04/05/11Senate Referred to Committee on Judiciary (Senate Journal-page 21)
04/05/11Senate Referred to Subcommittee: Rankin (ch), Campsen, Coleman, Davis, Nicholson
04/13/11Senate Committee report: Favorable with amendment Judiciary (Senate Journal-page 11)
04/14/11 Scrivener's error corrected
04/20/11Senate Committee Amendment Amended and Adopted (Senate Journal-page 23)
04/20/11Senate Read second time (Senate Journal-page 23)
04/20/11Senate Roll call Ayes-42 Nays-0 (Senate Journal-page 23)
04/20/11Senate Unanimous consent for third reading on next legislative day (Senate Journal-page 23)
04/21/11Senate Read third time and sent to House (Senate Journal-page 3)
04/21/11 Scrivener's error corrected
04/26/11House Introduced and read first time (House Journal-page 24)
04/26/11House Referred to Committee on Labor, Commerce and Industry (House Journal-page 24)
05/12/11House Committee report: Favorable Labor, Commerce and Industry (House Journal-page 4)
05/12/11 Scrivener's error corrected
05/18/11House Read second time (House Journal-page 14)
05/18/11House Roll call Yeas-108 Nays-0 (House Journal-page 14)
05/19/11House Read third time and enrolled (House Journal-page 10)
06/01/11 Ratified R 67
06/07/11 Signed By Governor
06/16/11 Effective date See Act for Effective Date
06/20/11 Act No. 44








Municipal Association of South Carolina
1411 Gervais St., PO Box 12109, Columbia, SC 29211
Phone: 803.799.9574, Fax: 803.933.1299, mail@masc.sc