Bill Text: SC H4943 | 2013-2014 | 120th General Assembly | Introduced
Bill Title: Acquiring a mortgage
Spectrum: Moderate Partisan Bill (Republican 17-2)
Status: (Introduced - Dead) 2014-03-20 - Referred to Committee on Judiciary [H4943 Detail]
Download: South_Carolina-2013-H4943-Introduced.html
A BILL
TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 28-2-130 SO AS TO PROHIBIT A PUBLIC BODY FROM ACQUIRING A MORTGAGE USING THE POWER OF EMINENT DOMAIN.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 1, Chapter 2, Title 28 of the 1976 Code is amended by adding:
"Section 28-2-130. Notwithstanding any other provision of this chapter, a public body may not acquire a mortgage through the power of eminent domain. Further, for purposes of Section 13, Article I of the Constitution of South Carolina, 1895, the General Assembly finds that condemning a mortgage is not a public use and does not remedy blight."
SECTION 2. This act takes effect upon approval by the Governor.