Bill Text: SC H3492 | 2023-2024 | 125th General Assembly | Introduced
Bill Title: Local Government Fund
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2023-01-10 - Referred to Committee on Medical, Military, Public and Municipal Affairs [H3492 Detail]
Download: South_Carolina-2023-H3492-Introduced.html
South Carolina General Assembly
125th Session, 2023-2024
Bill 3492
Indicates Matter Stricken
Indicates New Matter
(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)
A bill
to amend the South Carolina Code of Laws by adding Section 6-27-60 so as to PROVIDE A LOCAL GOVERNMENT FOUND TO HAVE VIOLATED STATE LAW FORFEITS ITS NEXT FOUR QUARTERLY DISTRIBUTIONS FROM THE LOCAL GOVERNMENT FUND, AND THE STATE TREASURER MAY NOT MAKE DISTRIBUTIONS FROM THE LOCAL GOVERNMENT FUND TO THE LOCAL GOVERNMENT DURING THIS PERIOD.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1.Chapter 27, Title 6 of the S.C. Code is amended by adding:
Section 6-27-60.A local government found by a court of competent jurisdiction to have violated any state law in a given fiscal year forfeits its next four quarterly distributions from the Local Government Fund that it otherwise would receive, and, notwithstanding the provisions of Section 6-27-40, the State Treasurer may not make distributions from the Local Government Fund to the local government during this period.
SECTION 2.This act takes effect upon approval of the Governor.
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This web page was last updated on December 08, 2022 at 07:31 PM
