South Carolina General Assembly
123rd Session, 2019-2020

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Indicates Matter Stricken
Indicates New Matter

S. 103

STATUS INFORMATION

General Bill
Sponsors: Senators Campsen and Rice
Document Path: l:\s-res\gec\006loca.kmm.gec.docx

Introduced in the Senate on January 8, 2019
Currently residing in the Senate Committee on Finance

Summary: Local Government Fund

HISTORY OF LEGISLATIVE ACTIONS 

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
  12/12/2018  Senate  Prefiled
  12/12/2018  Senate  Referred to Committee on Finance
    1/8/2019  Senate  Introduced and read first time (Senate Journal-page 87)
    1/8/2019  Senate  Referred to Committee on Finance (Senate Journal-page 87)

View the latest legislative information at the website

VERSIONS OF THIS BILL

12/12/2018

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

A BILL

TO AMEND SECTION 6-27-30 OF THE 1976 CODE, RELATING TO THE FUNDING OF THE LOCAL GOVERNMENT FUND FROM GENERAL FUND REVENUES, TO DELETE 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 NO LESS THAN THE GREATER OF THE ALLOCATION RATIO OF THE LATEST FISCAL YEAR OR THE AVERAGE OF THE ALLOCATION RATIO OF THE LAST FIVE FISCAL YEARS.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION    1.    Section 6-27-30 of the 1976 Code is amended to read:

"Section 6-27-30.    (A)    Each year in 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 the General Assembly must appropriate to the Local Government Fund no less than the greater of:

(1)    the allocation ratio of the latest completed fiscal year; and

(2)    the average of the allocation ratio of the last five completed fiscal years.

(B)    For 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 and first applies to the annual general appropriations act for Fiscal Year 2020-2021.

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This web page was last updated on January 16, 2019 at 4:43 PM