South Carolina lawmakers passed a bill Tuesday to reform automatic stay.
The Automatic Stay Bill, also known as S 105, would prevent projects from being delayed by groups or individuals without proof that the project would be a negative, rather than a positive. The bill was sponsored by local representatives Sen. Luke Rankin and Sen. Stephen Goldfinch.
The legislation passed the House Tuesday in an 86-30 vote. It now moves on to Gov. Henry McMaster for final approval.
The Myrtle Beach Area Chamber of Commerce released a statement following its passage, praising state lawmakers for the decision. The chamber says the reform will help protect taxpayers and enhance job creation.
“We should never allow vital infrastructure projects like International Drive – a project widely supported by the public – to be held up by organizations that operate only for their self-serving interest,” MBACC President and CEO Brad Dean said. “This new law establishes an appropriate balance between protecting our environment and growing our economy – a win-win for our community and businesses.”
