South Carolina General Assembly
105th Session, 1983-1984

Bill 722

                    Current Status

Bill Number:               722
Ratification Number:       412
Act Number:                362
Introducing Body:          Senate
Subject:                   Relating to fiscal impact statements on
                           bills and resolutions that require county or
                           municipal expenditures
View additional legislative information at the LPITS web site.

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A362, R412, S722)

AN ACT TO AMEND ACT 141 OF 1983, RELATING TO FISCAL IMPACT STATEMENTS ON BILLS AND RESOLUTIONS INTRODUCED IN THE GENERAL ASSEMBLY THAT REQUIRE COUNTY OR MUNICIPAL EXPENDITURES, SO AS TO REQUIRE A FISCAL IMPACT STATEMENT IF THE BILL OR RESOLUTION WOULD REQUIRE EXPENDITURES BY A SCHOOL DISTRICT OR SPECIAL PURPOSE DISTRICT.

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

Statement of fiscal impact required

SECTION 1. Section 1 of Act 141 of 1983 is amended to read:

"Section 1. Whenever a bill or resolution is introduced in the General Assembly requiring the expenditure of funds by a county, municipality, special purpose district, or school district, the principal author shall affix thereto a statement of estimated fiscal impact and cost of the proposed legislation. Prior to reporting the bill out of committee, if the amount is substantially different from the original estimate, the committee chairman shall cause a revised statement of the estimated fiscal impact of the bill to be attached to the bill. As used in this section, 'statement of estimated fiscal impact' means the opinion of the person executing the statement as to the dollar cost to the county, municipality, special purpose district, or school district for the first year and the annual cost thereafter."

Time effective

SECTION 2. This act shall take effect upon approval by the Governor.