Fabio
121 lines
7.3 KiB
Markdown
121 lines
7.3 KiB
Markdown
---
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type: "Bill"
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title: "Authorize issuance of bonds for purposes of offsetting and reducing prudently incurred costs"
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description: "AN ACT TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING ARTICLE 8 TO CHAPTER 27, TILE 58 SO AS TO, AMONG OTHER THINGS, ALLOW THE PUBLIC SERVICE COMMISSION TO AUTHORIZE THE ISSUANCE OF BONDS FOR THE PURPOSES OF OFFSETTING AND REDUCING PRUDENTLY INCURRED COSTS FOR STORM RECOVERY ACTIVITY AND TO ESTABLISH THE REQUIREMENTS AND PROCESSES FOR THE AUTHORIZATION OF THESE BONDS; AND TO AMEND SECTION 36-9-109, RELATING TO THE SCOPE OF THE UNIFORM COMMERCIAL CODE PROVISIONS GOVERNING SECURED TRANSACTIONS, SO AS TO MAKE THESE PROVISIONS APPLICABLE TO THE CREATION, PERFECTION, PRIORITY, OR ENFORCEMENT OF ANY SALE, ASSIGNMENT OF, PLEDGE OF, SECURITY INTEREST IN, OR OTHER TRANSFER OF, ANY INTEREST OR RIGHT OR PORTION OF ANY INTEREST OR RIGHT IN ANY STORM RECOVERY PROPERTY AS DEFINED IN THIS ACT. - ratified title"
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jurisdiction: "us/states/sc"
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legislature: "South Carolina General Assembly"
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session: "2021-2022"
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identifier: "S 1077"
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citation: "South Carolina S 1077 (2021-2022)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Adams", "Alexander", "Climer", "Davis", "Fanning", "Gambrell", "Garrett", "Grooms", "Gustafson", "Hutto", "K. Johnson", "Kimbrell", "Kimpson", "Loftis", "M. Johnson", "Massey", "McElveen", "McLeod", "Rankin", "Sabb", "Scott", "Stephens", "Williams"]
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version_count: 10
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action_count: 30
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vote_count: 4
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first_action: "2022-02-17"
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last_action: "2022-06-28"
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source: "openstates"
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source_identifier: "ocd-bill/0ce5471f-a0b1-45f0-b30a-a09981842049"
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source_url: "https://www.scstatehouse.gov/billsearch.php?billnumbers=1077&session=124&summary=B"
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source_hash: "914317f1e3a45f162adb156bfd3dc795b66ba3f8ed9b24f0cd039a2935811539"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-sc"]
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---
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# South Carolina S 1077 (2021-2022) — Authorize issuance of bonds for purposes of offsetting and reducing prudently incurred costs
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AN ACT TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING ARTICLE 8 TO CHAPTER 27, TILE 58 SO AS TO, AMONG OTHER THINGS, ALLOW THE PUBLIC SERVICE COMMISSION TO AUTHORIZE THE ISSUANCE OF BONDS FOR THE PURPOSES OF OFFSETTING AND REDUCING PRUDENTLY INCURRED COSTS FOR STORM RECOVERY ACTIVITY AND TO ESTABLISH THE REQUIREMENTS AND PROCESSES FOR THE AUTHORIZATION OF THESE BONDS; AND TO AMEND SECTION 36-9-109, RELATING TO THE SCOPE OF THE UNIFORM COMMERCIAL CODE PROVISIONS GOVERNING SECURED TRANSACTIONS, SO AS TO MAKE THESE PROVISIONS APPLICABLE TO THE CREATION, PERFECTION, PRIORITY, OR ENFORCEMENT OF ANY SALE, ASSIGNMENT OF, PLEDGE OF, SECURITY INTEREST IN, OR OTHER TRANSFER OF, ANY INTEREST OR RIGHT OR PORTION OF ANY INTEREST OR RIGHT IN ANY STORM RECOVERY PROPERTY AS DEFINED IN THIS ACT. - ratified title
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Filed** (filed) — [source](https://www.scstatehouse.gov/sess124_2021-2022/bills/1077.htm)
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2. **2/17/2022** (committee substitute) — [source](https://www.scstatehouse.gov/sess124_2021-2022/prever/1077_20220217.htm)
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3. **3/30/2022** (committee substitute) — [source](https://www.scstatehouse.gov/sess124_2021-2022/prever/1077_20220330.htm)
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4. **3/31/2022** (committee substitute) — [source](https://www.scstatehouse.gov/sess124_2021-2022/prever/1077_20220331.htm)
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5. **4/7/2022** (committee substitute) — [source](https://www.scstatehouse.gov/sess124_2021-2022/prever/1077_20220407.htm)
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6. **4/8/2022** (committee substitute) — [source](https://www.scstatehouse.gov/sess124_2021-2022/prever/1077_20220408.htm)
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7. **5/10/2022** (committee substitute) — [source](https://www.scstatehouse.gov/sess124_2021-2022/prever/1077_20220510.htm)
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8. **5/4/2022** (committee substitute) — [source](https://www.scstatehouse.gov/sess124_2021-2022/prever/1077_20220504.htm)
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9. **6/15/2022** (committee substitute) — [source](https://www.scstatehouse.gov/sess124_2021-2022/prever/1077_20220615.htm)
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10. **6/7/2022** (committee substitute) — [source](https://www.scstatehouse.gov/sess124_2021-2022/prever/1077_20220607.htm)
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## Votes
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- to adopt the conference report — **38–0** (pass) · upper
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- Passage of Bill — **104–0** (pass) · lower
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- Adopt Conference Report — **102–0** (pass) · lower
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- 3rd Reading — **37–4** (pass) · upper
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## Sponsors
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- Adams — primary (person)
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- Alexander — primary (person)
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- Climer — primary (person)
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- Davis — primary (person)
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- Fanning — primary (person)
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- Gambrell — primary (person)
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- Garrett — primary (person)
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- Grooms — primary (person)
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- Gustafson — primary (person)
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- Hutto — primary (person)
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- K. Johnson — primary (person)
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- Kimbrell — primary (person)
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- Kimpson — primary (person)
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- Loftis — primary (person)
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- M. Johnson — primary (person)
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- Massey — primary (person)
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- McElveen — primary (person)
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- McLeod — primary (person)
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- Rankin — primary (person)
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- Sabb — primary (person)
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- Scott — primary (person)
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- Stephens — primary (person)
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- Williams — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2022-02-17** Introduced and read first time `introduction, reading-1`
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- **2022-02-17** Referred to Committee on Judiciary `referral-committee`
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- **2022-03-03** Referred to Subcommittee: Rankin (ch), Hutto, Campsen, Matthews, Talley
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- **2022-03-30** Committee report: Favorable with amendment Judiciary `committee-passage-favorable`
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- **2022-03-31** Scrivener's error corrected
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- **2022-04-06** Read second time `reading-2`
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- **2022-04-07** Committee Amendment Adopted `amendment-passage`
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- **2022-04-07** Read third time and sent to House `passage, reading-3`
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- **2022-04-07** Roll call Ayes-37 Nays-4
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- **2022-04-08** Scrivener's error corrected
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- **2022-04-19** Introduced and read first time `introduction, reading-1`
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- **2022-04-19** Referred to Committee on Labor, Commerce and Industry `referral-committee`
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- **2022-05-04** Committee report: Favorable with amendment Labor, Commerce and Industry `committee-passage-favorable`
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- **2022-05-10** Amended `amendment-passage`
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- **2022-05-10** Read second time `reading-2`
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- **2022-05-10** Roll call Yeas-104 Nays-0
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- **2022-05-11** Read third time and returned to Senate with amendments `passage, reading-3`
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- **2022-05-12** Non-concurrence in House amendment
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- **2022-05-12** House insists upon amendment and conference committee appointed Reps. West, Ott, JE Johnson
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- **2022-05-12** Conference committee appointed Rankin, Talley, Hutto
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- **2022-06-07** Scrivener's error corrected
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- **2022-06-15** Conference report received and adopted
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- **2022-06-15** Roll call Yeas-102 Nays-0
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- **2022-06-15** Conference report received and adopted
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- **2022-06-15** Roll call Ayes-38 Nays-0
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- **2022-06-15** Ordered enrolled for ratification
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- **2022-06-16** Ratified R 258
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- **2022-06-17** Signed By Governor `executive-signature`
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- **2022-06-28** Effective date 06/17/22
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- **2022-06-28** Act No. 227
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/0ce5471f-a0b1-45f0-b30a-a09981842049`. Confidence: reported (aggregated from official South Carolina legislature records).
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