Committee Report

February 28, 2024

H. 4720

Introduced by Rep. Bannister

S. Printed 02/28/24--S.

Read the first time January 11, 2024

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The committee on Senate Finance

To whom was referred a Joint Resolution (H. 4720) to provide for the continuing authority to pay the expenses of state government if the 2024-2025 fiscal year begins without a general appropriations act for that, etc., respectfully

Report:

That they have duly and carefully considered the same, and recommend that the same do pass:

HARVEY S. PEELER, JR. for Committee.

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A joint Resolution

TO PROVIDE FOR THE CONTINUING AUTHORITY TO PAY THE EXPENSES OF STATE GOVERNMENT IF THE 2024-2025 FISCAL YEAR BEGINS WITHOUT A GENERAL APPROPRIATIONS ACT FOR THAT YEAR IN EFFECT, AND TO PROVIDE EXCEPTIONS.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1.  (A) If the 2024-2025 state fiscal year begins with no annual general appropriations act in effect for that year, the authority to pay the recurring expenses of state government continues at the level of amounts appropriated in Act 84 of 2023 for the recurring expenses of state government for Fiscal Year 2024-2025 except as provided in subsection (B).

    The effective dates of Parts IA and IB of Act 84 of 2023 are extended until the effective date for appropriations made in a general appropriations act for Fiscal Year 2024-2025, after which appropriations made pursuant to this joint resolution are deemed to have been made pursuant to the general appropriations act for Fiscal Year 2024-2025.

    (B)  Notwithstanding debt service appropriations in Act 84 of 2023 and until the effective date of the appropriations made in a general appropriations act for Fiscal Year 2024-2025, there is appropriated from the general fund of the State whatever amount is necessary for timely debt service on state obligations and other amounts constitutionally required to be appropriated, including the Capital Reserve Fund.  The General Reserve Fund is established in the amount required by law.

SECTION 2.  This joint resolution takes effect July 1, 2024, and applies as provided in SECTION 1.

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