South Carolina General Assembly
122nd Session, 2017-2018

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Indicates Matter Stricken
Indicates New Matter

S. 63

STATUS INFORMATION

General Bill
Sponsors: Senator Campsen
Document Path: l:\council\bills\bbm\9535dg17.docx

Introduced in the Senate on January 10, 2017
Currently residing in the Senate Committee on Finance

Summary: Local Government Fund funding

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
  12/13/2016  Senate  Prefiled
  12/13/2016  Senate  Referred to Committee on Finance
   1/10/2017  Senate  Introduced and read first time (Senate Journal-page 44)
   1/10/2017  Senate  Referred to Committee on Finance (Senate Journal-page 44)

View the latest legislative information at the website

VERSIONS OF THIS BILL

12/13/2016

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

A BILL

TO AMEND SECTION 6-27-30, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE FUNDING OF THE LOCAL GOVERNMENT FUND, SO AS TO DELETE THE REQUIREMENT THAT NOT LESS THAN FOUR AND ONE-HALF PERCENT OF GENERAL FUND REVENUES MUST BE APPROPRIATED, AND TO PROVIDE THAT APPROPRIATIONS MUST BE NO LESS THAN THE GREATER OF THE ALLOCATION RATIO OF THE LATEST FISCAL YEAR OR THE AVERAGE OF THE ALLOCATION RATIO OF THE LAST FIVE FISCAL YEARS.

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

SECTION    1.    Section 6-27-30 of the 1976 Code is amended to read:

"Section 6-27-30.    (A)    Each year in the annual general appropriations act, an amount equal to not less than four and one-half percent of general fund revenues of the latest completed fiscal year must be appropriated the General Assembly must appropriate to the Local Government Fund no less than the greater of:

(1)    the allocation ratio of the latest completed fiscal year; and

(2)    the average of the allocation ratio of the last five completed fiscal years.

(B)    For purposes of this section, 'allocation ratio' means four and one-half percent of general fund revenues."

SECTION    2.    This act takes effect upon approval by the Governor and first applies to the annual general appropriations act for Fiscal Year 2017-2018.

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This web page was last updated on January 11, 2017 at 2:44 PM