South Carolina General Assembly

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

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14     SECTION 63H - F31 - BUDGET AND CONTROL BOARD,
15     CAPITAL RESERVE FUND
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17         63H.1.    (BCB/CRF: Deficit Projected - Use of CRF)  If the Board of Economic Advisors revenue forecast to the Budget and Control
18     Board at any time during the current fiscal year projects that revenues for the current fiscal year will be less than appropriated expenditures
19     for this year, the Budget and Control Board in mandating necessary cuts during the current fiscal year to eliminate the projected deficit
20     must first reduce to the extent necessary the appropriation herein contained to the Capital Reserve Fund, prior to mandating any cuts in
21     operating appropriations.
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