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S. 213
STATUS INFORMATION
General Bill
Sponsors: Senator Campsen
Document Path: l:\s-res\gec\023base.ksg.gec.docx
Introduced in the Senate on January 13, 2015
Currently residing in the Senate Committee on Finance
Summary: Funding of local government
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number
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12/10/2014 Senate Prefiled
12/10/2014 Senate Referred to Committee on Finance
1/13/2015 Senate Introduced and read first time (Senate Journal-page 135)
1/13/2015 Senate Referred to Committee on Finance
(Senate Journal-page 135)
View the latest legislative information at the website
VERSIONS OF THIS BILL
TO AMEND SECTION 6-27-30 OF THE 1976 CODE, RELATING TO FUNDING OF THE LOCAL GOVERNMENT FUND FROM GENERAL FUND REVENUES, TO REMOVE THE REQUIREMENT THAT NOT LESS THAN FOUR AND ONE-HALF PERCENT OF GENERAL FUND REVENUES MUST BE APPROPRIATED, AND TO PROVIDE THAT APPROPRIATIONS MUST BE MADE BETWEEN NOT LESS THAN THE ALLOCATION RATIO OF THE LATEST FISCAL YEAR OR THE AVERAGE OF THE ALLOCATION RATIO OF THE FIVE LATEST FISCAL YEARS, OR HIGHER; AND TO PROVIDE FOR THE DEFINITION OF ALLOCATION RATIO.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Chapter 27, Title 6 of the 1976 Code is amended to read:
"Section 6-27-30. (A) In the annual general appropriations act, an amount equal to not less than four and one -half percent of general fund revenues of the latest completed fiscal year must be appropriated appropriations to the Local Government Fund must be made between one of the following levels or higher:
(1) not less than the allocation ratio of the latest completed fiscal year; or
(2) the average of the allocation ratio of the five latest completed fiscal year.
(B) For the purposes of this section, 'allocation ratio' means four and one-half percent of general fund revenues."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on January 20, 2015 at 9:45 AM