Bill > H4088

Introduced Session

a Joint Resolution (H. 4088) to appropriate funding for certain infrastructure and purposes to foster economic development and prescribe the appropriate purposes, terms, and conditions, etc., respectfullyReport:That they have duly and carefully considered the same, and recommend that the same do pass: BRUCE BANNISTER for Committee. ________ A joint Resolution TO appropriate FUNDING FOR CERTAIN INFRASTRUCTURE AND PURPOSES TO FOSTER ECONOMIC DEVELOPMENT AND PRESCRIBE THE appropriate PURPOSES, TERMS, AND CONDITIONS. Whereas, the General Assembly has through prior enactments determined that the construction of certain infrastructure, including in certain circumstances infrastructure constructed for use by private parties, enhances the recruitment of businesses to and the expansion of businesses within the State; that such infrastructure facilitates the operation and growth of businesses in the State, and thereby provides significant and substantial direct and indirect benefits to the State and its residents, including employment and other opportunities; that such benefits outweigh the costs of such infrastructure; that for such reasons it is in the best interest of the State to provide funding that serves a public purpose in fostering economic development and increasing employment in the State; and that the primary beneficiaries of such funding and the construction of such infrastructure are the State of South Carolina and its residents; and Whereas, the General Assembly further finds that under certain circumstances it is appropriate for the State to undertake construction of infrastructure and to make other improvements that promote or improve State readiness for further economic development; and Whereas, the General Assembly further finds that public confidence may be enhanced by identification of the amounts and purposes for which funding may be made available, for specific projects, and for State readiness for further economic development; and Whereas, the General Assembly further finds that processes of review, approval, and oversight, are appropriate and warranted for public funds designated for purposes of economic development; and Whereas, the General Assembly further finds that sufficient unobligated funds are presently available and the interest of the State will be served by their appropriation for the purposes and subject to the terms and conditions described herein. Now, therefore,

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Committee Categories

Murrell Smith (R)*,  Carl Anderson (D),  Nathan Ballentine (R),  Bruce Bannister (R),  Heather Bauer (D),  Beth Bernstein (D),  Jeff Bradley (R),  Ben Connell (R),  Shannon Erickson (R),  Kambrell Garvin (D),  Gil Gatch (R),  Bill Hager (R),  Chris Hart (D),  Bill Herbkersman (R),  Davey Hiott (R),  Leon Howard (D),  Jermaine Johnson (D),  John King (D),  Annie McDaniel (D),  Chris Murphy (R),  Fawn Pedalino (R),  Robby Robbins (R),  Seth Rose (D),  Todd Rutherford (D),  Ivory Thigpen (D), 

Referred to Committee on Finance (on 03/14/2023)

Official Document