Bill Text: SC H4518 | 2013-2014 | 120th General Assembly | Amended

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Bill Title: Lottery Net Proceeds

Sponsorship: Partisan Bill (Republican 1)

Status: (Engrossed - Dead) 2014-04-30 - Referred to Committee on Finance [H4518 Detail]

Download: South_Carolina-2013-H4518-Amended.html

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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

AMENDED

April 29, 2014

H. 4518

Introduced by Rep. White

S. Printed 4/29/14--H.

Read the first time January 21, 2014.

            

STATEMENT OF ESTIMATED FISCAL IMPACT

ESTIMATED FISCAL IMPACT ON GENERAL FUND EXPENDITURES:

$0 (No additional expenditures or savings are expected)

ESTIMATED FISCAL IMPACT ON FEDERAL & OTHER FUND EXPENDITURES:

$0 (No additional expenditures or savings are expected)

EXPLANATION OF IMPACT:

The Lottery Commission indicates this bill will have no impact on the General Fund of the State or on federal and/or other funds.

Approved By:

Brenda Hart

Office of State Budget

A BILL

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 59-150-420 SO AS TO PROVIDE THAT NO PORTION OF THE LOTTERY NET PROCEEDS MAY BE APPROPRIATED FOR CAPITAL IMPROVEMENT PROJECTS AT OR ASSOCIATED WITH AN INSTITUTION OF HIGHER LEARNING.

Amend Title To Conform

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Chapter 150, Title 59 of the 1976 Code is amended by adding:

"Section 59-150-420.    Notwithstanding any other provision of law, except as allowed pursuant to Chapter 77, Title 2, no portion of the lottery net proceeds may be appropriated for capital improvement projects at or associated with an institution of higher learning."

SECTION    2.    This act takes effect upon approval by the Governor.