SC H3397 | 2009-2010 | 118th General Assembly
Status
Spectrum: Partisan Bill (Republican 49-0)
Status: Introduced on January 29 2009 - 25% progression, died in committee
Action: 2009-06-16 - Member(s) request name added as sponsor: Cole
Pending: House Ways and Means Committee
Status: Introduced on January 29 2009 - 25% progression, died in committee
Action: 2009-06-16 - Member(s) request name added as sponsor: Cole
Pending: House Ways and Means Committee
Summary
A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 11-11-415 SO AS TO PROVIDE THAT THE LIMIT ON GENERAL FUND APPROPRIATIONS FOR A FISCAL YEAR IS THE TOTAL AMOUNT OF THE GENERAL FUND REVENUE ESTIMATE AS OF FEBRUARY FIFTEENTH FOR FISCAL YEAR 2009-2010, INCREASED ANNUALLY AND CUMULATIVELY BY THE LESSER OF SIX PERCENT OR A PERCENTAGE DETERMINED BY POPULATION INCREASES AND INCREASES IN THE CONSUMER PRICE INDEX, TO PROVIDE FOR THE LIMITATION TO BE SUSPENDED FOR A FISCAL YEAR FOR A SPECIFIC AMOUNT UPON A SPECIAL VOTE OF THE GENERAL ASSEMBLY AND TO DEFINE THIS SPECIAL VOTE, TO ESTABLISH THE SPENDING LIMIT RESERVE FUND, TO WHICH ALL SURPLUS GENERAL FUND REVENUES MUST BE CREDITED, TO PROVIDE FOR THE PRIORITY USES OF THE REVENUES OF THIS FUND, TO PROVIDE FOR THE APPROPRIATION OF FUND REVENUES AFTER THESE PRIORITIES ARE MET, AND TO REQUIRE THAT APPROPRIATION OF REVENUES OF THIS FUND MUST BE BY A JOINT RESOLUTION ORIGINATING IN THE HOUSE OF REPRESENTATIVES.
Title
Provide That The Limit On General Fund Appropriations For A Fiscal Year Is The Total Amount Of The General Fund Revenue Estimate As Of February Fifteenth For Fiscal Year 2009-2010, Increased Annually And Cumulatively By The Lesser Of Six Percent Or A Percentage Determined By Population Increases And Increases In The Consumer Price Index, To Provide For The Limitation To Be Suspended For A Fiscal Year For A Specific Amount Upon A Special Vote Of The General Assembly And To Define This Special Vote, To Establish The Spending Limit Reserve Fund, To Which All Surplus General Fund Revenues Must Be Credited, To Provide For The Priority Uses Of The Revenues Of This Fund, To Provide For The Appropriation Of Fund Revenues After These Priorities Are Met, And To Require That Appropriation Of Revenues Of This Fund Must Be By A Joint Resolution Originating In The House Of Representatives.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2009-06-16 | Member(s) request name added as sponsor: Cole | |
2009-01-29 | Referred to Committee on Ways and Means HJ-11 | |
2009-01-29 | Introduced and read first time HJ-10 |
Code Citations
South Carolina State Sources
Type | Source |
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Summary | https://www.scstatehouse.gov/cgi-bin/web_bh10.exe?bill1=3397&session=118 |