TO CREATE THE "SOUTH CAROLINA FLOOD INSURANCE STUDY COMMITTEE" TO STUDY WHETHER COASTAL MUNICIPALITIES ARE IN COMPLIANCE WITH CERTAIN GUIDELINES AND IF STRONGER GUIDELINES WOULD REDUCE COSTS ASSOCIATED WITH FLOODING IN COASTAL COMMUNITIES, TO PROVIDE FOR MEMBERSHIP OF THE STUDY COMMITTEE, AND TO REQUIRE THE STUDY COMMITTEE TO PREPARE A REPORT FOR THE GENERAL ASSEMBLY.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    (A)    There is created the South Carolina Flood Insurance Study Committee to study whether coastal municipalities are actively in compliance with local, state, and federal guidelines and if stronger guidelines would alleviate the costs associated with flooding in these communities taking into consideration, at a minimum, the costs and benefits of enacting stronger state requirements concerning building in flood areas and establishing a system to enforce potential violations of applicable guidelines.

(B)(1)    The study committee is comprised of the following members:

(a)    Chairman of the Senate Banking and Insurance Committee, or his designee;

(b)    Chairman of the House Labor Commerce and Industry Committee, or his designee;

(c)    Chairman of the Senate Agriculture and Natural Resources Committee, or his designee;

(d)    Chairman of the House Agriculture, Natural Resources, and Environmental Affairs Committee, or his designee; and

(e)    Director of the South Carolina Department of Natural Resources, or his designee.

(2)    Vacancies in the membership of the study committee must be filled for the remainder of the unexpired term in the manner of the original appointment.

(C)    The study committee shall provide a report to the General Assembly by March 1, 2020, at which time the study committee shall dissolve.

SECTION    2.    This joint resolution takes effect upon approval by the Governor.