Current Status Introducing Body:House Bill Number:3106 Primary Sponsor:Harwell Committee Number:30 Type of Legislation:GB Subject:Appropriations, base revenue estimates Residing Body:House Current Committee:Ways and Means Computer Document Number:JIC/5165HC.93 Introduced Date:19930113 Last History Body:House Last History Date:19930113 Last History Type:Introduced, read first time, referred to Committee Scope of Legislation:Statewide All Sponsors:Harwell Type of Legislation:General Bill
Bill Body Date Action Description CMN Leg Involved
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3106 House 19930113 Introduced, read first time, 30
referred to Committee
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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 11-11-140 SO AS TO LIMIT APPROPRIATIONS IN THE ANNUAL GENERAL APPROPRIATIONS ACT TO AN AMOUNT NOT TO EXCEED THE BASE REVENUE ESTIMATE, TO DEFINE BASE REVENUE ESTIMATE, TO PROVIDE FOR AN INCREASE IN THE BASE REVENUE ESTIMATE ON THE WRITTEN CERTIFICATION OF THE BOARD OF ECONOMIC ADVISORS, AND TO PROVIDE WHEN AND FOR WHAT PURPOSES SURPLUS REVENUES MAY BE APPORPRIATED.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 1, Chapter 11, Title 11 of the 1976 Code is amended by adding:
"Section 11-11-140. (A) General Fund appropriations in the annual general appropriations act may not exceed the base revenue estimate.
(B) For purposes of this section, the base revenue estimate is the lesser of:
(1) (a) an amount equal to the average total of recurring general fund revenues collected in the last three calendar years completed before the General Assembly first considers the annual general appropriations bill;
(b) increased by a sum equal to fifty percent of the amount the general fund revenue estimate of the Board of Economic Advisors for the upcoming fiscal year exceeds the amount in subitem (a) of this item; or
(2) the general fund revenue estimate of the Board of Economic Advisors for the upcoming fiscal year.
(C) The base revenue estimate may be increased by the General Assembly only if the Board of Economic Advisors certifies in writing the availability of the increased revenues.
(D) Surplus revenues may be appropriated by the General Assembly:
(1) only in the legislative session following the end of the fiscal year in which the surplus occurred, and
(2) only for nonrecurring purposes."
SECTION 2. This act takes effect upon approval by the Governor and first applies with respect to appropriations for fiscal year 1994-95.