NOTE: As provided in LFC policy, this report is intended for use by the standing finance committees of the legislature. The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.
Only the most recent FIR version, excluding attachments, is available on the Intranet. Previously issued FIRs and attachments may be obtained from the LFC office in Suite 101 of the State Capitol Building North.
| SPONSOR: | Ingle | DATE TYPED: | 03/08/01 | HB | |||
| SHORT TITLE: | Processors of Agricultural Products | SB | 295 | ||||
| ANALYST: | Rael | ||||||
| Recurring
or Non-Rec |
Fund
Affected | ||||
| FY01 | FY02 | FY01 | FY02 | ||
|
No Fiscal Impact | |||||
(Parenthesis ( ) Indicate Expenditure Decreases)
SOURCES OF INFORMATION
Public Regulation Commission (PRC)
Department of Agriculture (DOA)
SUMMARY
Synopsis of Bill
The Processors of Agricultural Products bill repeals §§ 76-13-1 through 76-13-9 which provides that cotton gins, compresses, and warehouses are declared public utilities and places regulatory duties with the Corporation Commission, now the Public Utility Commission.
Significant Issues
The Public Regulation Commission reports that in a free market society there is no longer a need to regulate the prices of cotton processing or refining.
FISCAL IMPLICATIONS
No fiscal impact.
FAR/prr