South Carolina Senate Joint Resolution 3 (Prior Session Legislation)

---

Spectrum: Moderate Partisan Bill (Republican 8-1)
Status: Introduced on January 11 2011 - 25% progression, died in chamber
Action: 2012-01-18 - Committee report: Favorable with amendment Judiciary
Text: Latest bill text (Introduced) [HTML]

Delete The Existing State Spending Limitation And Require The General Assembly To Replace It By A Law Imposing An Annual Limit On The Appropriation Of State General Fund Revenues By Adjusting Such Revenues By A Rolling Ten-year Average In Annual Changes To General Fund Revenues; To Provide For The Creation Of A Budget Stabilization Fund In The State Treasury To Which Must Be Credited All General Fund Revenues In Excess Of The Annual Limit; And To Provide By General Law For The Revenues To Which The Limit Applies, The Method Of And Sources For Calculating The Limit, And The Restrictions On Disbursements From The Budget Stabilization Fund.

Constitutional amendment proposed

Sen. George Campsen [R]	Sen. Michael Fair [R]	Sen. John Knotts [R]	Sen. Shane Martin [R]
Sen. Glenn McConnell [R]	Sen. John McGill [D]	Sen. Harvey Peeler [R]	Sen. Luke Rankin [R]
Sen. Michael Rose [R]

Date	Chamber	Action
2012-01-18		Committee report: Favorable with amendment Judiciary
2011-12-07		Referred to Subcommittee: McConnell (ch), Knotts, Malloy, Sheheen, Massey, Davis, Shoopman
2011-01-21		Referred to Subcommittee: L.Martin (ch), Rankin, Hutto, Bright, Davis
2011-01-11		Referred to Committee on Judiciary
2011-01-11		Introduced and read first time
2010-12-01		Referred to Committee on Judiciary
2010-12-01		Prefiled

S0073 (Similar To) 2011-01-21 - Referred to Subcommittee: L.Martin (ch), Rankin, Hutto, Bright, Davis

Type	Source
Summary	https://www.scstatehouse.gov/billsearch.php?billnumbers=0003&session=119&summary=B
Text	https://www.scstatehouse.gov/sess119_2011-2012/prever/3_20101201.htm
Text	https://www.scstatehouse.gov/sess119_2011-2012/prever/3_20120118.htm