South Carolina General Assembly

General Appropriations Bill H. 4700 for the fiscal year beginning July 1, 1998

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       SECTION 63H - F05 - BUDGET AND CONTROL BOARD,                  PAGE 488
       CAPITAL RESERVE FUND

 1         63H.1.    (BCB/CRF: Deficit Projected - Use of CRF)  If the Board of Economic Advisors revenue forecast to the Budget and Control
 2     Board at any time during the current fiscal year projects that revenues for the current fiscal year will be less than appropriated expenditures
 3     for this year, the Budget and Control Board in mandating necessary cuts during the current fiscal year to eliminate the projected deficit
 4     must first reduce to the extent necessary the appropriation herein contained to the Capital Reserve Fund, prior to mandating any cuts in
 5     operating appropriations.
 6