South Carolina House Joint Resolution 4637 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on February 25 2010 - 25% progression, died in committee
Action: 2010-02-25 - Referred to Committee on Ways and Means HJ-70
Pending: House Ways and Means Committee

A JOINT RESOLUTION PROPOSING AN AMENDMENT TO SECTION 36, ARTICLE III OF THE CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING TO THE GENERAL RESERVE FUND AND THE CAPITAL RESERVE FUND, SO AS TO PROVIDE THAT BEGINNING FOR FISCAL YEAR 2012-2013, THE GENERAL RESERVE FUND MUST BE INCREASED EACH YEAR BY ONE PERCENT OF THE GENERAL FUND REVENUE OF THE LATEST COMPLETED FISCAL YEAR UNTIL IT EQUALS EIGHTEEN PERCENT OF SUCH REVENUES, AND TO PROVIDE THAT FOR FISCAL YEAR 2026-2027 AND THEREAFTER, THE GENERAL RESERVE FUND MUST BE EIGHTEEN PERCENT OF THE GENERAL FUND REVENUE OF THE LATEST COMPLETED FISCAL YEAR.

Provide That Beginning For Fiscal Year 2012-2013, The General Reserve Fund Must Be Increased Each Year By One Percent Of The General Fund Revenue Of The Latest Completed Fiscal Year Until It Equals Eighteen Percent Of Such Revenues, And To Provide That For Fiscal Year 2026-2027 And Thereafter, The General Reserve Fund Must Be Eighteen Percent Of The General Fund Revenue Of The Latest Completed Fiscal Year.

Rep. Terry Alexander [D]	Rep. Anton Gunn [D]	Rep. Christopher Hart [D]	Rep. Anne Hutto [D]
Rep. John King [D]	Rep. Joey Millwood [R]	Rep. Harold Mitchell [D]	Rep. Ralph Norman [R]
Rep. Tommy Stringer [R]	Rep. William Wylie [R]

Date	Chamber	Action
2010-02-25		Referred to Committee on Ways and Means HJ-70
2010-02-25		Introduced and read first time HJ-70

Type	Source
Summary	https://www.scstatehouse.gov/cgi-bin/web_bh10.exe?bill1=4637&session=118