SC H4526 | 2009-2010 | 118th General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 4 2010 - 25% progression, died in committee
Action: 2010-02-04 - Referred to Committee on Ways and Means HJ-20
Pending: House Ways and Means Committee

Summary

A JOINT RESOLUTION PROPOSING AN AMENDMENT TO SECTION 36(A), ARTICLE III OF THE CONSTITUTION OF SOUTH CAROLINA, 1895, SO AS TO INCREASE FROM THREE TO FIVE PERCENT THE AMOUNT OF STATE GENERAL FUND REVENUE IN THE LATEST COMPLETED FISCAL YEAR REQUIRED TO BE HELD IN THE GENERAL RESERVE FUND AND TO ALLOW THE PERCENTAGE AMOUNT TO BE SUBSEQUENTLY INCREASED OR DECREASED BY SEPARATE LEGISLATIVE ENACTMENT PASSED BY A TWO-THIRDS VOTE OF THE TOTAL MEMBERSHIP OF THE SENATE AND A TWO-THIRDS VOTE OF THE TOTAL MEMBERSHIP OF THE HOUSE OF REPRESENTATIVES; AND TO AMEND SECTION 36(B), ARTICLE III OF THE CONSTITUTION OF THIS STATE, SO AS TO PROVIDE THAT MONIES FROM THE CAPITAL RESERVE FUND FIRST MUST BE USED, TO THE EXTENT NECESSARY, TO FULLY REPLENISH THE APPLICABLE PERCENTAGE AMOUNT IN THE GENERAL RESERVE FUND.

Tracking Information

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Title

Provide That Monies From The Capital Reserve Fund First Must Be Used, To The Extent Necessary, To Fully Replenish The Applicable Percentage Amount In The General Reserve Fund.

Sponsors


History

DateChamberAction
2010-02-04 Referred to Committee on Ways and Means HJ-20
2010-02-04 Introduced and read first time HJ-19

Same As/Similar To

S1086 (Similar To) 2010-01-28 - Referred to Subcommittee: L.Martin (ch), Rankin, Hutto, Bright, Davis

South Carolina State Sources


Bill Comments

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