S 0372 General Bill, By McConnell, Rose, Campsen, Massey, Shoopman, Knotts and S. Martin
Similar (H 3486)
Summary: State Agency Deficit Prevention and Recognition Act
    A BILL TO AMEND THE CODE OF LAWS SOUTH CAROLINA, 1976, TO ENACT THE "STATE AGENCY DEFICIT PREVENTION AND RECOGNITION ACT" BY ADDING CHAPTER 79 TO TITLE 2 SO AS TO PROVIDE THAT A STATE AGENCY, DEPARTMENT, OR INSTITUTION MAY NOT OPERATE IN A MANNER THAT RESULTS IN A YEAR-END DEFICIT UNLESS THE DEFICIT IS RECOGNIZED BY THE GENERAL ASSEMBLY, TO PROVIDE THE MANNER IN WHICH THE GENERAL ASSEMBLY MAY RECOGNIZE A DEFICIT, TO PROVIDE THAT AN OFFICER OR EMPLOYEE OF THIS STATE MAY NOT MAKE OR AUTHORIZE AN EXPENDITURE OR OBLIGATION EXCEEDING THE AMOUNT AVAILABLE IN AN EXISTING STATE APPROPRIATION, TO PROVIDE EXCEPTIONS, AND TO PROVIDE PENALTIES; AND TO AMEND SECTION 1-11-495, AS AMENDED, RELATING TO YEAR-END DEFICITS, SO AS TO ELIMINATE THE BUDGET AND CONTROL BOARD'S AUTHORITY TO RECOGNIZE AN AGENCY DEFICIT.
View full text

01/18/11	Senate	Introduced and read first time (Senate Journal-page 2)
01/18/11	Senate	Referred to Committee on Judiciary (Senate Journal-page 2)
01/21/11	Senate	Referred to Subcommittee: Knotts (ch), Malloy, Sheheen, Davis, Shoopman
12/07/11	Senate	Referred to Subcommittee: McConnell (ch), Knotts, Malloy, Sheheen, Massey, Davis, Shoopman
01/18/12	Senate	Committee report: Favorable with amendment Judiciary (Senate Journal-page 5)
01/19/12		Scrivener's error corrected