Current Status Bill Number:3032 Type of Legislation:General Bill GB Introducing Body:House Introduced Date:19970114 Primary Sponsor:Kirsh All Sponsors:Kirsh, Simrill, Bailey, Meacham and Robinson Drafted Document Number:BBM\10960HTC.97 Residing Body:House Current Committee:Ways and Means Committee 30 HWM Subject:General Assembly, legislation appropriating surplus general fund revenues prohibited, Comptroller General
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
House 19970114 Introduced, read first time, 30 HWM
referred to Committee
House 19961211 Prefiled, referred to Committee 30 HWM
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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 2-7-125, SO AS TO PROHIBIT THE CONSIDERATION IN EITHER HOUSE OF THE GENERAL ASSEMBLY OF ANY BILL, JOINT RESOLUTION, OR AMENDMENT APPROPRIATING ADJUSTED SURPLUS GENERAL FUND REVENUES BEFORE THE COMPTROLLER GENERAL CLOSES THE STATE'S BOOKS IN THE FISCAL YEAR.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 1, Chapter 7, Title 2 of the 1976 Code is amended by adding:
"Section 2-7-125. No bill, joint resolution, or amendment appropriating adjusted surplus general fund revenues may be considered in either house of the General Assembly before the Comptroller General closes the state's books on the fiscal year in which the surplus occurred. For purposes of this section, adjusted surplus revenues are general fund revenues in a fiscal year in excess of the general fiscal revenue estimate contained in the annual general appropriations act applicable for that year, unreduced by the setaside required pursuant to Section 11-11-140 and amounts transferred to the General Reserve Fund."
SECTION 2. This act takes effect July 1, 1997.