SC H3347 | 2021-2022 | 124th General Assembly

Status

Spectrum: Partisan Bill (Republican 8-0)
Status: Introduced on January 12 2021 - 25% progression
Action: 2021-01-14 - Member(s) request name added as sponsor: Bennett
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]

Summary

An Amendment To Section 36, Article Iii Of The Constitution Of South Carolina, 1895, Relating To The General Reserve Fund, So As To Provide That The General Reserve Fund Of Five Percent Of General Fund Revenue Of The Latest Completed Fiscal Year Must Be Increased Each Year By One-half Of One Percent Of The General Fund Revenue Of The Latest Completed Fiscal Year Until It Equals Seven Percent Of Such Revenues; And Proposing An Amendment To Section 36, Article Iii Of The Constitution Of South Carolina, 1895, Also Relating To The Capital Reserve Fund So As To Provide That The Capital Reserve Fund Of Two Percent Of General Fund Revenue Of The Latest Completed Fiscal Year Must Be Increased To Three Percent Of General Fund Revenue Of The Latest Completed Fiscal Year.

Tracking Information

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Title

General Reserve Fund and Capital Reserve Fund

Sponsors


History

DateChamberAction
2021-01-14HouseMember(s) request name added as sponsor: Bennett
2021-01-13HouseMember(s) request name added as sponsor: G.M.Smith
2021-01-12HouseReferred to Committee on Ways and Means
2021-01-12HouseIntroduced and read first time
2020-12-09HouseReferred to Committee on Ways and Means
2020-12-09HousePrefiled

South Carolina State Sources


Bill Comments

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