South Carolina Senate Bill 61 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 13 2015 - 25% progression, died in committee
Action: 2015-01-13 - Referred to Committee on Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]

Relating To Implementation Of The Limit On State Spending Imposed Pursuant To Section 7(c), Article X Of The Constitution Of South Carolina, 1895, To 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

Sen. George Campsen [R]

Date	Chamber	Action
2015-01-13	Senate	Referred to Committee on Finance
2015-01-13	Senate	Introduced and read first time
2014-12-03	Senate	Referred to Committee on Finance
2014-12-03	Senate	Prefiled

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=0061&session=121&summary=B
Text	https://www.scstatehouse.gov/sess121_2015-2016/prever/61_20141203.htm