Establishes a process for transferring water systems between political subdivisions in South Carolina.

This bill amends the South Carolina Code to add a new article allowing for the transfer of water systems between political subdivisions. It defines terms such as "eligible system transferor" and "supplying subdivision," and outlines the conditions under which a transfer can occur. The bill specifies that transfers must be full and in fee simple, with all rights and obligations transferring to the new owner. It also allows for the imposition of a franchise fee and the establishment of a separate cost-and-revenue accounting center for the transferred system.

Establishes a process for transferring water systems between political subdivisions in South Carolina.

This bill amends the South Carolina Code to add a new article allowing for the transfer of water systems between political subdivisions. It defines terms such as "eligible system transferor" and "supplying subdivision," and outlines the conditions under which a transfer can occur. The bill specifies that transfers must be full and in fee simple, with all rights and obligations transferring to the new owner. It also allows for the imposition of a franchise fee and the establishment of a separate cost-and-revenue accounting center for the transferred system.