resources on a former hazardous waste site within the Department of Health and Environmental Control’s oversight; however, ‘public would not include funds expended by the Department in the funds’ course of its oversight duties. Any tax credits earned pursuant to Section 12-6-3770(A) for income tax years beginning in 2018 shall apply until the credits have been fully claimed. SECTION 3. This act takes effect upon approval by the Governor. / Renumber sections to conform. Amend title to conform. LUKE A. RANKIN for Committee. STATEMENT OF ESTIMATED FISCAL IMPACT Explanation of Fiscal Impact Amended by the House of Representatives on April 3, 2018 State Expenditure This bill allows the Public Service Commission (PSC) to adopt procedures that encourage electrical utilities to invest in offshore wind resource development activities if the procedures would be in the best interest of ratepayers of this state. The bill also identifies the activities that may be undertaken by an electrical utility relating to offshore wind resource development. PSC must not approve an application that comprises a portion of the military training areas bordering South Carolina or Georgia without the prior written concurrence of the applicable federal, state, and local authority. Additionally, a structure installed to accomplish the purposes of this bill must not be visible by the human eye from land. The bill takes effect upon approval by the Governor. Public Service Commission (PSC). PSC indicates that this bill is expected to increase Other Funds expenses by $165,000 in FY and $146,000 each year thereafter. Of this amount, recurring expenses of $135,000 is for 2 FTEs, including an engineer and a rate analyst, and $11,000 is for IT equipment rentals, office supplies, training, and professional development. Nonrecurring expenses are expected to total $19,000 for IT equipment purchases, office furniture, and office renovations in FY 2018-19. Office of Regulatory Staff (ORS). ORS indicates that this bill does not operationally or fiscally impact the agency. Therefore, the bill will have no expenditure impact on other funds. Since ORS operates solely on other funds, the bill will have no expenditure impact on the general fund or federal funds either.
resources on a former hazardous waste site within the Department of Health and Environmental Control’s oversight; however, ‘public funds’ would not include funds expended by the Department in the course of its oversight duties. Any tax credits earned pursuant to Section 12-6-3770(A) for income tax years beginning in 2018 shall apply until the credits have been fully claimed. SECTION 3. This act takes effect upon approval by the Governor. / Renumber sections to conform. Amend title to conform. LUKE A. RANKIN for Committee. STATEMENT OF ESTIMATED FISCAL IMPACT Explanation of Fiscal Impact Amended by the House of Representatives on April 3, 2018 State Expenditure This bill allows the Public Service Commission (PSC) to adopt procedures that encourage electrical utilities to invest in offshore wind resource development activities if the procedures would be in the best interest of ratepayers of this state. The bill also identifies the activities that may be undertaken by an electrical utility relating to offshore wind resource development. PSC must not approve an application that comprises a portion of the military training areas bordering South Carolina or Georgia without the prior written concurrence of the applicable federal, state, and local authority. Additionally, a structure installed to accomplish the purposes of this bill must not be visible by the human eye from land. The bill takes effect upon approval by the Governor. Public Service Commission (PSC). PSC indicates that this bill is expected to increase Other Funds expenses by $165,000 in FY and $146,000 each year thereafter. Of this amount, recurring expenses of $135,000 is for 2 FTEs, including an engineer and a rate analyst, and $11,000 is for IT equipment rentals, office supplies, training, and professional development. Nonrecurring expenses are expected to total $19,000 for IT equipment purchases, office furniture, and office renovations in FY 2018-19. Office of Regulatory Staff (ORS). ORS indicates that this bill does not operationally or fiscally impact the agency. Therefore, the bill will have no expenditure impact on other funds. Since ORS operates solely on other funds, the bill will have no expenditure impact on the general fund or federal funds either.