South Carolina General Assembly
105th Session, 1983-1984

Bill 2263

                    Current Status

Bill Number:               2263
Ratification Number:       245
Act Number                 141
Introducing Body:          House
Subject:                   Fiscal impact statement
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(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

(A141, R245, H2263)

AN ACT TO PROVIDE FOR A FISCAL IMPACT STATEMENT TO BE ATTACHED TO BILLS OR RESOLUTIONS INTRODUCED IN THE GENERAL ASSEMBLY WHICH REQUIRE THE EXPENDITURE OF FUNDS BY A COUNTY OR MUNICIPALITY.

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

Financial impact statement required

SECTION 1. Whenever a bill or resolution is introduced in the General Assembly requiring the expenditure of funds by a county or municipality, the principal author shall affix thereto a statement of estimated fiscal impact and cost of the proposed legislation. Prior to reporting the bill out of committee, if the amount is substantially different from the original estimate, the committee chairman shall cause a revised statement of the estimated fiscal impact of the bill to be attached to the bill. As used in this section, "statement of estimated fiscal impact" means the opinion of the person executing the statement as to the dollar cost to the county or municipality for the first year and the annual cost thereafter.

Time effective

SECTION 2. This act shall take effect upon approval by the Governor.