Current Status Introducing Body:Senate Bill Number:1296 Primary Sponsor:Drummond Type of Legislation:CR Subject:Revenue reduction in fiscal year 1991-92 Date Bill Passed both Bodies:Feb 12, 1992 Computer Document Number:CYY/18825.SD Introduced Date:Feb 12, 1992 Date of Last Amendment:Feb 12, 1992 Last History Body:Senate Last History Date:Feb 12, 1992 Last History Type:Concurred in House amendment Scope of Legislation:Statewide All Sponsors:Drummond J. Verne Smith Land Setzler Bryan Carmichael Courson Courtney Fielding Giese Gilbert Robert W. Hayes Jr. Helmly Hinds Hinson Holland Leatherman Leventis Lourie Macaulay Martin Martschink Matthews McConnell McGill Mitchell Moore Mullinax O'Dell Passailaigue Patterson Peeler Pope Reese Rose Russell Saleeby Shealy Nell W. Smith Stilwell Thomas Washington Williams Wilson Type of Legislation:Concurrent Resolution
Bill Body Date Action Description CMN
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1296 Senate Feb 12, 1992 Concurred in House amendment
1296 House Feb 12, 1992 Adopted, returned with
amendment
1296 House Feb 12, 1992 Amended
1296 House Feb 12, 1992 Introduced
1296 Senate Feb 12, 1992 Introduced, adopted, sent to
House
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AS PASSED BY THE GENERAL ASSEMBLY
February 12, 1992
S. 1296
Introduced by SENATORS Drummond, J. Verne Smith, Land, Setzler, Bryan, Carmichael, Courson, Courtney, Fielding, Giese, Gilbert, Robert W. Hayes Jr., Helmly, Hinds, Hinson, Holland, Leatherman, Leventis, Lourie, Macaulay, Martin, Martschink, Matthews, McConnell, McGill, Mitchell, Moore, Mullinax, O'Dell, Passailaigue, Patterson, Peeler, Pope, Reese, Rose, Russell, Saleeby, Shealy, Nell W. Smith, Stilwell, Thomas, Washington, Williams and Wilson
S. Printed 2/12/92--S.
Read the first time February 12, 1992.
TO APPROVE THE ACTIONS TAKEN BY THE BUDGET AND CONTROL BOARD TO OFFSET THE REDUCTION IN REVENUES IN FISCAL YEAR 1991-92.
Amend Title To Conform
Whereas, on February 10, 1992, the Board of Economic Advisors reduced further the revenue estimate for fiscal year 1991-92 to 3 billion, 385 million dollars; and
Whereas, the General Assembly recognizes the need to reduce the level of expenditure by state agencies by one percent in light of the Board of Economic Advisors' revised revenue estimate; and
Whereas, the General Assembly recognizes the austere fiscal situation impacting on school districts in this State; and
Whereas, there currently exists $38,156,141 in the General Reserve Fund to cover any revenue shortfalls at the end of the fiscal year 1991-92. Now, therefore,
Be it resolved by the Senate, the House of Representatives concurring:
That the General Assembly approves, subject to those additional appropriations listed below in this resolution, the actions taken by the Budget and Control Board to offset the fifty-five million dollar reduction in revenues in fiscal year 1991-92 as follows:
(1) Difference from the 7-26-91
3% cut taken versus the BEA revenue
reduction of $148.2 million 19.7
(2) Radioactive waste surcharge
increase January-June 1992 19.6
(3) 1% across the board agency
set-aside; 32.9
exempt EFA partial (5.5)
(4) Reduce for the following agency
deficits:
(a) SC Department of Corrections (8.0)
(b) Department of Social Services (1.0)
(c) Other agencies (1.0)
(5) Total amount to apply to reduction $56.7
(6) BEA revenue reduction 2-10-92 (55.0)
(7) Balance remaining $1.7.
Be it further resolved that the General Assembly approval of the Budget and Control Board's action is contingent upon the Budget and Control Board restoring from the 1.7 million dollar balance remaining the following appropriations to the agencies shown:
(1) John de la Howe School 32,000.00
(2) Wil Lou Gray Opportunity School27,000.00
(3) School for the Deaf and Blind102,000.00
161,000.00.