Download This Version in Microsoft Word format
TO AMEND TITLE 2 OF THE 1976 CODE, BY ADDING CHAPTER 63 TO CREATE THE OTHER FUNDS OVERSIGHT COMMITTEE, TO DEFINE OTHER FUNDS, TO PROVIDE FOR THE MEMBERSHIP OF THE COMMITTEE, AND TO PROVIDE THAT THE COMMITTEE SHALL EXAMINE THE SOURCE OF OTHER FUNDS IN THIS STATE AND RECOMMEND TO THE GENERAL ASSEMBLY THE APPROPRIATE POLICY FOR THE RECEIPT, APPROPRIATION, EXPENDITURE, AND REPORTING OF OTHER FUNDS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Title 2 of the 1976 Code is amended by adding:
Section 2-63-10. This chapter may be cited as the 'Other Funds Oversight Committee'.
Section 2-63-20. For purposes of this chapter, 'other funds' means any revenues received by an agency which are not federal funds and are not general funds appropriated by the General Assembly in the appropriations act.
Section 2-63-30. The General Assembly finds that:
(1) the amount of other funds collections has increased in recent years;
(2) state agencies are increasingly relying on other funds collections for general operating purposes; and
(3) other funds are very pervasive and require thorough review.
Section 2-63-40. (A) There is created a joint committee of the Senate and of the House of Representatives entitled the Other Funds Oversight Committee. The committee shall consist of eight members to be appointed as follows:
(1) the Chairman of the Senate Finance Committee or his designee;
(2) one member of the Senate Finance Committee appointed by the Senate Finance Committee Chairman;
(3) the Chairman of the House Ways and Means Committee or his designee;
(4) one member of the House Ways and Means Committee appointed by the Chairman of the House Ways and Means Committee.
(5) the Senate Majority Leader or his designee;
(6) the Senate Minority Leader or his designee;
(7) the House Majority Leader or his designee; and
(8) the House Minority Leader or his designee.
(B)(1) The committee shall review and examine the source of other funds in this State and recommend to the General Assembly the appropriate policy for the receipt, appropriation, expenditure, and reporting of other funds. In making its determination, the committee shall solicit and receive testimony from state agencies, departments, boards or commissions of this State regarding the status of the receipt of other funds, the conditions of receipt, the expenditure of other funds, and any other relevant statistic or measurement. The committee shall make recommendations to the General Assembly regarding any necessary action.
(2) Each agency, department, board, or commission of this State shall cooperate with the committee and provide any information the committee determines is necessary.
(3) The Office of State Budget must notify the committee of any request for an increase in interim budget authorization resulting from other funds collections that is made by any agency, department, board, or commission of this State. The committee shall review each request and recommend appropriate action.
(C) Members of the committee shall serve without compensation but are allowed the usual per diem and mileage as provided by law for members of boards, commissions, and committees while on official business."
SECTION 2. This act takes effect upon approval by the Governor.
This web page was last updated on April 22, 2010 at 12:17 PM