South Carolina General Assembly
118th Session, 2009-2010

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H. 4325

STATUS INFORMATION

General Bill
Sponsors: Rep. Kirsh
Document Path: l:\council\bills\bbm\9487sd10.docx

Introduced in the House on January 13, 2010
Currently residing in the House Committee on Ways and Means

Summary: Budget and Control Board

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
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   1/13/2010  House   Introduced and read first time HJ-43
   1/13/2010  House   Referred to Committee on Ways and Means HJ-43

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

1/13/2010

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

A BILL

TO AMEND SECTION 11-9-890, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO REVENUE ESTIMATES BY THE BOARD OF ECONOMIC ADVISORS AND ACTIONS REQUIRED BY THE STATE BUDGET AND CONTROL BOARD TO AVOID YEAR-END DEFICITS, SO AS TO REVISE THE CRITERIA WHICH REQUIRES THE STATE BUDGET AND CONTROL BOARD TO TAKE THIS ACTION.

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

SECTION    1.    Section 11-9-890 of the 1976 Code is amended to read:

"Section 11-9-890.    A. (A)    Beginning August 15, 1986, the Board of Economic Advisors shall delineate the official fiscal year 1986-87 revenue estimates by quarters. In all subsequent revenue estimates made under the provisions of Section 11-9-880, the Board of Economic Advisors shall incorporate quarterly revenue estimates within the annual revenue estimate.

B. (B)    If at the end of the first, or second, or third quarter of any fiscal year quarterly revenue collections are four two percent or more below the amount projected for that quarter by the Board of Economic Advisors, the State Budget and Control Board, within fifteen days of that determination, shall take action to avoid a year-end deficit."

SECTION    2.    This act takes effect upon approval by the Governor and applies with respect to fiscal year 2010-2011 and thereafter.

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This web page was last updated on Monday, October 10, 2011 at 12:24 P.M.