South Carolina General Assembly
122nd Session, 2017-2018

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Indicates Matter Stricken
Indicates New Matter

H. 4429

STATUS INFORMATION

General Bill
Sponsors: Reps. Davis, Fry, Elliott, Cogswell and Thayer
Document Path: l:\council\bills\dka\3101sa18.docx

Introduced in the House on January 9, 2018
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
-------------------------------------------------------------------------------
  12/13/2017  House   Prefiled
  12/13/2017  House   Referred to Committee on Ways and Means
    1/9/2018  House   Introduced and read first time (House Journal-page 109)
    1/9/2018  House   Referred to Committee on Ways and Means 
                        (House Journal-page 109)
   2/27/2018  House   Member(s) request name added as sponsor: Thayer

View the latest legislative information at the website

VERSIONS OF THIS BILL

12/13/2017

(Text matches printed bills. Document has been reformatted to meet World Wide Web specifications.)

A BILL

TO AMEND SECTION 2-7-72, AS AMENDED, 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, as last amended by Act 121 of 2014, is further amended to read:

"Section 2-7-72.    Whenever 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 savings or offsets thereafter after that."

SECTION    2.    This act takes effect upon approval by the Governor.

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This web page was last updated on February 27, 2018 at 1:00 PM