South Carolina Senate Bill 4 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 6-2)
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]

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.

General fund revenues

Sen. George Campsen [R]	Sen. Michael Fair [R]	Sen. Shane Massey [R]	Sen. Glenn McConnell [R]
Sen. John McGill [D]	Sen. Harvey Peeler [R]	Sen. Michael Rose [R]	Sen. Nikki Setzler [D]

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

S0002 (Similar To) 2011-01-11 - Referred to Committee on Finance

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=0004&session=119&summary=B
Text	https://www.scstatehouse.gov/sess119_2011-2012/prever/4_20101201.htm