SC H3397 | 2009-2010 | 118th General Assembly

Status

Spectrum: Partisan Bill (Republican 49-0)
Status: Introduced on January 29 2009 - 25% progression, died in committee
Action: 2009-06-16 - Member(s) request name added as sponsor: Cole
Pending: House Ways and Means Committee

Summary

A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 11-11-415 SO AS TO PROVIDE THAT THE LIMIT ON GENERAL FUND APPROPRIATIONS FOR A FISCAL YEAR IS THE TOTAL AMOUNT OF THE GENERAL FUND REVENUE ESTIMATE AS OF FEBRUARY FIFTEENTH FOR FISCAL YEAR 2009-2010, INCREASED ANNUALLY AND CUMULATIVELY BY THE LESSER OF SIX PERCENT OR A PERCENTAGE DETERMINED BY POPULATION INCREASES AND INCREASES IN THE CONSUMER PRICE INDEX, TO PROVIDE FOR THE LIMITATION TO BE SUSPENDED FOR A FISCAL YEAR FOR A SPECIFIC AMOUNT UPON A SPECIAL VOTE OF THE GENERAL ASSEMBLY AND TO DEFINE THIS SPECIAL VOTE, TO ESTABLISH THE SPENDING LIMIT RESERVE FUND, TO WHICH ALL SURPLUS GENERAL FUND REVENUES MUST BE CREDITED, TO PROVIDE FOR THE PRIORITY USES OF THE REVENUES OF THIS FUND, TO PROVIDE FOR THE APPROPRIATION OF FUND REVENUES AFTER THESE PRIORITIES ARE MET, AND TO REQUIRE THAT APPROPRIATION OF REVENUES OF THIS FUND MUST BE BY A JOINT RESOLUTION ORIGINATING IN THE HOUSE OF REPRESENTATIVES.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Provide That The Limit On General Fund Appropriations For A Fiscal Year Is The Total Amount Of The General Fund Revenue Estimate As Of February Fifteenth For Fiscal Year 2009-2010, Increased Annually And Cumulatively By The Lesser Of Six Percent Or A Percentage Determined By Population Increases And Increases In The Consumer Price Index, To Provide For The Limitation To Be Suspended For A Fiscal Year For A Specific Amount Upon A Special Vote Of The General Assembly And To Define This Special Vote, To Establish The Spending Limit Reserve Fund, To Which All Surplus General Fund Revenues Must Be Credited, To Provide For The Priority Uses Of The Revenues Of This Fund, To Provide For The Appropriation Of Fund Revenues After These Priorities Are Met, And To Require That Appropriation Of Revenues Of This Fund Must Be By A Joint Resolution Originating In The House Of Representatives.

Sponsors


History

DateChamberAction
2009-06-16 Member(s) request name added as sponsor: Cole
2009-01-29 Referred to Committee on Ways and Means HJ-11
2009-01-29 Introduced and read first time HJ-10

Code Citations

ChapterArticleSectionCitation TypeStatute Text
1111415(n/a)See Bill Text

South Carolina State Sources


Bill Comments

feedback