South Carolina Senate Bill 2 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 6-2)
Status: Introduced on January 11 2011 - 25% progression, died in committee
Action: 2011-01-11 - Referred to Committee on Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]

Relating To The Spending Limit Required By Section 7(c), Article X Of The Constitution Of South Carolina, 1895, To Revise The Limit By Imposing An Annual Limit Which Shall Be The General Fund Revenues Collected In The Latest Completed Fiscal Year Plus Seventy-five Percent Of Any Increase In Recurring General Fund Revenues, To Create The Budget Stabilization Fund In The State Treasury To Which Must Be Credited Twenty-five Percent Of Any Increase In General Fund Revenues, To Provide That Funds In The Budget Stabilization Fund Shall Be Used To Offset Mid-year Reductions, And To Define Emergencies And Provide For The Suspension Of The Spending Limit In Case Of An Emergency.

Constitutional amendment proposed

Sen. George Campsen [R]	Sen. Michael Fair [R]	Sen. Hugh Leatherman [R]	Sen. John McGill [D]
Sen. Harvey Peeler [R]	Sen. Luke Rankin [R]	Sen. Michael Rose [R]	Sen. Nikki Setzler [D]

Date	Chamber	Action
2011-01-11		Referred to Committee on Finance
2011-01-11		Introduced and read first time
2010-12-01		Referred to Committee on Finance
2010-12-01		Prefiled

S0004 (Similar To) 2011-01-11 - Referred to Committee on Finance

Chapter	Article	Section	Citation Type	Statute Text
11	11	410	(n/a)	See Bill Text

Type	Source
Summary	https://www.scstatehouse.gov/billsearch.php?billnumbers=0002&session=119&summary=B
Text	https://www.scstatehouse.gov/sess119_2011-2012/prever/2_20101201.htm