I-95 Corridor Authority Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
The I-95 Corridor Authority Act establishes a new authority to promote economic development, health, and educational improvements within designated counties along South Carolina’s I-95 corridor. The authority will be governed by a board of directors and tasked with carrying out specific initiatives, reporting to the General Assembly, and managing funds. It also outlines the composition of the board, funding sources, and operational procedures.
Key provisions
- Establishes the I-95 Corridor Authority.
- Authorizes the authority to carry out economic development, health, and educational improvement activities.
- Requires the authority to report annually to the General Assembly.
- Defines the composition and appointment process for the board of directors.
- Permits the authority to solicit private and public donations and grants.
- Creates a separate investment account (the ‘I-95 Corridor Authority Fund’)
- Outlines procedures for fund distribution through loans and grants.
- Mandates annual audits of the authority’s finances.
Who is affected
- South Carolina Counties (Allendale, Bamberg, Barnwell, Calhoun, Chesterfield, Clarendon, Colleton, Darlington, Dillon, Hampton, Jasper, Lee, Marion, Marlboro, Orangeburg, Sumter, and Williamsburg)
- Residents of those counties
- State Legislators
- The Governor
- The General Assembly
Bill text
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Sponsors
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1 on record
Primary sponsor
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