Current Status Bill Number:857 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19980114 Primary Sponsor:Leventis All Sponsors:Leventis and Reese Drafted Document Number:res1505.ppl Residing Body:Senate Current Committee:Finance Committee 06 SF Subject:Revenue impact statements, recommemded budget; appropriations, prior legislative session bill; Appropriations Act
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
Senate 19980114 Introduced, read first time, 06 SF
referred to Committee
Senate 19971215 Prefiled, referred to Committee 06 SF
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TO AMEND SECTION 2-7-71, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO REVENUE IMPACT STATEMENTS, AND TO AMEND SECTION 11-11-15 OF THE 1976 CODE, RELATING TO THE BUDGET FUNCTIONS OF THE GOVERNOR, SO AS TO REQUIRE THE RECOMMENDED STATE BUDGET SUBMITTED BY THE GOVERNOR AT THE BEGINNING OF EACH REGULAR SESSION OF THE GENERAL ASSEMBLY TO INCLUDE SPECIFIC APPROPRIATIONS FOR THE AMOUNTS STATED IN THE STATEMENT OF REVENUE IMPACT FOR A BILL ENACTED DURING THE PRIOR SESSION OF THE GENERAL ASSEMBLY.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 2-7-71 of the 1976 Code, as last amended by Act 82 of 1997, is further amended to read:
"Section 2-7-71. When a bill relating to state taxes is reported out of a standing committee of the Senate or House of Representatives for consideration, there must be attached and printed as a part of the committee report a statement of the estimated revenue impact of the bill on the finances of the State certified by the Board of Economic Advisors. As used in this section 'statement of estimated revenue impact' means the consensus of the persons executing the required statement as to the increase or decrease in the net tax revenue to the State if the bill concerned is enacted by the General Assembly. In preparing a statement, the Board of Economic Advisors may request technical advice of the Department of Revenue. If the bill is enacted, the recommended state budget submitted by the Governor pursuant to Section 11-11-15 at the beginning of the first regular session after the session during which the bill was enacted must include specific appropriations for the amounts stated in the statement of revenue impact."
SECTION 2. Section 11-11-15 of the 1976 Code is amended to read:
"Section 11-11-15. The functions of the State Budget and Control Board in the preparation and submission to the General Assembly of the recommended state budget are devolved upon the Governor. Wherever the phrase 'State Budget and Control Board' appears in the context of preparing and submitting budget recommendations to the General Assembly, it means the Governor. In preparing the recommended state budget, the Governor may consult with the State Treasurer, the Comptroller General, or other state officials as needed. The Budget Division of the State Budget and Control Board shall assist the Governor in preparing the budget recommendations, but this function of the Budget Division may not be construed as altering the overall management and administration of the Budget Division as an entity of the State Budget and Control Board. If a statement of revenue impact, as defined in Section 2-7-71, was attached and printed as a part of the committee report to a bill enacted by the General Assembly, the recommended state budget submitted by the Governor at the beginning of the first regular session after the session during which the bill was enacted must include specific appropriations for the amounts stated in the statement of revenue impact."
SECTION 3. This act takes effect upon approval by the Governor.