Bill > H4692

This bill establishes the South Carolina Resource Independence and Resilience Act, creating a State Resource Commission (SRC) to increase in-state production of essential resources to at least 15% by 2031 and 25% by 2036. The bill aims to address supply chain vulnerabilities by focusing on three key resource categories: agricultural products and food, energy sources (including electricity and fuel), and critical materials. The SRC will be housed within the Governor's Office and consist of seven members from various state agencies, universities, and the private sector. The commission will develop a comprehensive implementation plan, maintain a public progress dashboard, and recommend incentives to promote local production, such as tax credits, grants, and low-interest loans. The SRC will prioritize supporting rural and economically distressed communities and will be required to submit annual reports to the General Assembly detailing progress, challenges, and recommendations. The bill also authorizes the commission to form public-private partnerships with universities, cooperatives, and nonprofits, and allows funding through state appropriations, federal grants, and private sector contributions. The act is set to take effect on July 1, 2026, reflecting a long-term strategy to enhance South Carolina's economic and resource security.

Agriculture and Natural Resources

https://www.scstatehouse.gov/billsearch.php?billnumbers=4692&session=126&summary=B