South Carolina Senate Bill 144 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 3)
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 Limitation On Authorization Of State Capital Improvement Bonds, To Allow The Authorization Of Such Bonds Only In A Bill Or Joint Resolution Enacted In An Odd-numbered Year, To Extend All Limitations Of This Section To General Obligation Bonds Of The State, However Described, Subject To The Constitutional Limit On Debt Service Measured As A Percentage Of General Fund Revenues, To Require The Enactment Of A Separate Joint Resolution Preceding The Authorization Of Bonds That Specifically Allows The Consideration Of A Bond Bill, To Provide That A Bill Or Joint Resolution Allowing Such Bonds May Not Be Given Third Reading In The House Of Representatives Or Senate Or Reported From A Committee Of Conference Or Free Conference Unless It Is Accompanied By The Certificate Of The State Treasurer That Debt Service On All General Obligation Bonds Outstanding When Added To Estimated Debt Service On Authorized But Unissued Bonds And The Bonds Authorized In The Bill Or Joint Resolution Does Not Exceed The Then Current Constitutional Debt Service Limit, And To Define General Obligation Bond.

S.C. General Obligation Fund Fiscal Responsibility Act

Sen. George Campsen [R]

Sen. Michael Rose [R]

Sen. Danny Verdin [R]

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

Chapter	Article	Section	Citation Type	Statute Text
2	7	105	(n/a)	See Bill Text

Type	Source
Summary	https://www.scstatehouse.gov/billsearch.php?billnumbers=0144&session=119&summary=B
Text	https://www.scstatehouse.gov/sess119_2011-2012/prever/144_20101201.htm