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Indicates New Matter
H. 3223
STATUS INFORMATION
General Bill
Sponsors: Reps. Davis and Cogswell
Document Path: l:\council\bills\rt\17514sa19.docx
Introduced in the House on January 8, 2019
Currently residing in the House Committee on Ways and Means
Summary: Fiscal impact statements
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 12/18/2018 House Prefiled 12/18/2018 House Referred to Committee on Ways and Means 1/8/2019 House Introduced and read first time (House Journal-page 133) 1/8/2019 House Referred to Committee on Ways and Means (House Journal-page 133) 1/24/2019 House Member(s) request name added as sponsor: Cogswell
View the latest legislative information at the website
VERSIONS OF THIS BILL
TO AMEND SECTION 2-7-72, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO FISCAL IMPACT STATEMENTS, SO AS TO PROVIDE THAT THE AUTHOR OF A BILL SHALL INCLUDE ANY ESTIMATED COST SAVINGS OR OFFSETS AVAILABLE.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 2-7-72 of the 1976 Code is amended to read:
"Section 2-7-72. Whenever When a bill or resolution is introduced in the General Assembly requiring the expenditure of funds, the principal author shall affix a statement of estimated fiscal impact and, cost of the proposed legislation, and any estimated cost savings or offsets available. Before reporting the bill out of committee, if the amount is substantially different substantially from the original estimate, the committee shall attach a statement of estimated fiscal impact to the bill signed by the Executive Director of the Revenue and Fiscal Affairs Office or his designee. 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 State for the first year and the annual cost thereafter savings or offsets after that."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on
February 1, 2019 at 4:49 PM