The Committee on Finance proposes the following amendment (LC-102.DG0001S):

Amend the bill, as and if amended, SECTION 1, by striking Section 6-1-320(3)(a) and inserting:

(a) A municipality without an operating millage on January 1, 2025, or a municipality that incorporates after January 1, 2025, may impose an operating millage sufficient to generate one-third of the municipality's general fund expenses in the previous fiscal year, or in the case of a newly incorporated municipality, one-third of the general fund expenses indicated in the proposed budget for the fiscal year submitted pursuant to South Carolina State Code of Regulations 113-200.

Amend the bill further, SECTION 1, Section 6-1-320(3), by adding an item to read:

   (d) A municipality may not impose or reimpose an operating millage pursuant to this item unless approved by a majority of the qualified voters of the municipality voting in a referendum. The referendum must be held at the time of the general election. If approved, the operating millage may be imposed in the next fiscal year.

Renumber sections to conform.

Amend title to conform.