South Carolina House Bill 3522 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 18 2017 - 25% progression, died in committee
Action: 2017-01-18 - Referred to Committee on Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]

Impose An Annual Limit On The State General Fund Revenues Available For Appropriation By Restricting Any Increase To A Percentage That Is Equal To The Average Annual Percentage Change From The Previous Ten Completed State Fiscal Years, To Create A Separate Budget Stabilization Fund In The State Treasury To Which Must Be Credited All General Fund Revenues In Excess Of The Annual Limit, To Provide For Disbursements From The Budget Stabilization Fund, To Define Emergencies And To Provide For Suspension Of This Appropriations Limit In Emergencies, And To Provide For Disbursements Of Surplus Funds.

Limit on State spending

Rep. Peter McCoy [R]

Rep. Linda Bennett [R]

Date	Chamber	Action
2017-01-18	House	Referred to Committee on Ways and Means
2017-01-18	House	Introduced and read first time

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=3522&session=122&summary=B
Text	https://www.scstatehouse.gov/sess122_2017-2018/prever/3522_20170118.htm