South Carolina Legislature




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Session 124 - (2021-2022)Printer Friendly
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S 1106 Joint Resolution, By Peeler, Alexander, Scott and Campsen
Similar (H 3347)
Summary: Reserve funds
    A JOINT RESOLUTION PROPOSING AN AMENDMENT TO SECTION 36, ARTICLE III OF THE CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING TO THE GENERAL RESERVE FUND AND THE CAPITAL RESERVE FUND, SO AS TO INCREASE FROM FIVE TO SEVEN PERCENT IN INCREMENTS OF ONE-HALF OF ONE PERCENT OVER FOUR FISCAL YEARS THE AMOUNT OF STATE GENERAL FUND REVENUE IN THE LATEST COMPLETED FISCAL YEAR REQUIRED TO BE HELD IN THE GENERAL RESERVE FUND AND THE MANNER THE SEVEN PERCENT REQUIREMENT MUST BE MAINTAINED; AND PROPOSING ANOTHER AMENDMENT TO SECTION 36, ARTICLE III OF THE CONSTITUTION OF THIS STATE, RELATING TO THE GENERAL RESERVE FUND AND THE CAPITAL RESERVE FUND, SO AS TO INCREASE FROM TWO TO THREE PERCENT THE AMOUNT OF STATE GENERAL FUND REVENUE IN THE LATEST COMPLETED FISCAL YEAR REQUIRED TO BE HELD IN THE CAPITAL RESERVE FUND AND TO PROVIDE THAT THE FIRST USE OF THE CAPITAL RESERVE FUND MUST BE TO OFFSET MIDYEAR BUDGET REDUCTIONS.
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03/01/22Senate Introduced and read first time (Senate Journal-page 7)
03/01/22Senate Referred to Committee on Finance (Senate Journal-page 7)
03/09/22Senate Committee report: Favorable with amendment Finance (Senate Journal-page 11)
03/10/22 Scrivener's error corrected
03/15/22Senate Committee Amendment Adopted (Senate Journal-page 31)
03/17/22Senate Amended (Senate Journal-page 12)
03/17/22Senate Read second time (Senate Journal-page 12)
03/17/22Senate Roll call Ayes-43 Nays-0 (Senate Journal-page 12)
03/22/22Senate Read third time and sent to House (Senate Journal-page 5)
03/29/22House Introduced and read first time (House Journal-page 39)
03/29/22House Referred to Committee on Ways and Means (House Journal-page 39)
04/28/22House Committee report: Favorable with amendment Ways and Means (House Journal-page 8)
05/04/22House Amended (House Journal-page 112)
05/04/22House Read second time (House Journal-page 112)
05/04/22House Roll call Yeas-111 Nays-0 (House Journal-page 112)
05/05/22House Read third time and returned to Senate with amendments (House Journal-page 9)
05/11/22Senate Non-concurrence in House amendment (Senate Journal-page 183)
05/11/22House House insists upon amendment and conference committee appointed Reps. GM Smith, Simrill, Rutherford (House Journal-page 291)
05/12/22Senate Conference committee appointed Peeler, Setzler, Alexander (Senate Journal-page 36)



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