SC S0090 | 2023-2024 | 125th General Assembly

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 10 2023 - 25% progression, died in committee
Action: 2023-01-10 - Referred to Committee on Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amend The South Carolina Code Of Laws By Amending Section 11-11-410, Relating To Appropriations Subject To The Spending Limitation, So As To Impose An Annual Limit On The State General Fund Revenues Available For Appropriation By Restricting Any Increase To The 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 Provide For The Suspension Of This Appropriation Limit In Emergencies, To Provide For The Disbursement Of Surplus Funds, And To Define Necessary Terms.

Tracking Information

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Title

Spending limits on appropriations

Sponsors


History

DateChamberAction
2023-01-10SenateReferred to Committee on Finance
2023-01-10SenateIntroduced and read first time
2022-11-30SenateReferred to Committee on Finance
2022-11-30SenatePrefiled

Code Citations

ChapterArticleSectionCitation TypeStatute Text
1111410(n/a)See Bill Text

South Carolina State Sources


Bill Comments

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