H*3010(Rat #0239, Act #0162)  General Bill, By Carnell, M.O. Alexander, 
R.A. Barber, D.W. Beatty, Boan, H. Brown, J. Brown, Cato, C.D. Chamblee, 
H.H. Clyborne, Cobb-Hunter, R.S. Corning, J.L.M. Cromer, Davenport, Delleney, 
L.L. Elliott, J.G. Felder, R.C. Fulmer, Gamble, Govan, L.O. Graham, 
H.M. Hallman, J.P. Harrelson, J.L. Harris, P.B. Harris, Harvin, J.H. Hodges, 
D.N. Holt, T.E. Huff, M.F. Jaskwhich, Jennings, Keegan, M.H. Kinon, Kirsh, 
Klauber, Koon, Lanford, C.V. Marchbanks, J.G. Mattos, J.G. McAbee, McCraw, 
J.T. McElveen, McKay, D.E. McTeer, Meacham, Moody-Lawrence, Neilson, Phillips, 
Quinn, Rhoad, Richardson, Riser, T.F. Rogers, I.K. Rudnick, Sheheen, 
J.S. Shissias, R. Smith, J.J. Snow, Stille, Townsend, J.W. Tucker, Vaughn, 
C.Y. Waites, D.C. Waldrop, C.C. Wells, J.M. White, Wilder, J.B. Wilder, Wilkes, 
Wilkins, D. Williams, S.S. Wofford, H.G. Worley, Young-Brickell and R.M. Young

Similar(H 3106)
 A Bill to amend the Code of Laws of South Carolina, 1976, by adding Section
 11-11-140 so as to limit appropriations in the annual General Appropriations
 Act to an amount not to exceed the base revenue estimate, to define base
 revenue estimate, to provide for an increase in the base revenue estimate on
 the written certification of the Board of Economic Advisors, and to provide
 when and for what purposes surplus revenues may be appropriated.

   01/12/93  House  Introduced and read first time HJ-18
   01/12/93  House  Referred to Committee on Ways and Means HJ-18
   01/19/93  House  Committee report: Favorable with amendment Ways
                     and Means HJ-24
   01/20/93  House  Amended HJ-24
   01/20/93  House  Read second time HJ-25
   01/21/93  House  Read third time and sent to Senate HJ-35
   01/26/93  Senate Introduced and read first time SJ-31
   01/26/93  Senate Referred to Committee on Finance SJ-31
   02/11/93  Senate Committee report: Favorable with amendment
                     Finance SJ-19
   03/04/93  Senate Read second time SJ-12
   03/04/93  Senate Ordered to third reading with notice of
                     amendments SJ-12
   03/09/93  Senate Debate interrupted SJ-24
   03/10/93  Senate Debate interrupted SJ-13
   03/11/93  Senate Amended SJ-34
   03/11/93  Senate Read third time and returned to House with
                     amendments SJ-40
   03/25/93  House  Non-concurrence in Senate amendment HJ-18
   03/25/93  Senate Senate insists upon amendment and conference
                     committee appointed Sens. Setzler, Leatherman,
                     Matthews SJ-5
   03/30/93  House  Conference committee appointed Carnell, Felder &
                     Boan HJ-3
   04/06/93  Senate  Sen Washington replaces Sen Matthews on
                     Conference Committee SJ-5
   05/13/93  House  Conference report received and adopted HJ-33
   06/01/93  Senate Conference report received and adopted SJ-80
   06/01/93  House  Ordered enrolled for ratification HJ-123
   06/10/93         Ratified R 239
   06/15/93         Signed By Governor
   06/15/93         Effective date 06/15/93
   06/15/93         See act for exception to or explanation of
                     effective date
   07/13/93         Copies available

AN ACT TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 11-11-140 SO AS TO LIMIT APPROPRIATIONS IN THE ANNUAL GENERAL APPROPRIATIONS ACT TO AN AMOUNT NOT TO EXCEED THE BASE REVENUE ESTIMATE, TO DEFINE BASE REVENUE ESTIMATE, TO PROVIDE FOR AN INCREASE IN THE BASE REVENUE ESTIMATE ON THE WRITTEN CERTIFICATION OF THE BOARD OF ECONOMIC ADVISORS, AND TO PROVIDE WHEN AND FOR WHAT PURPOSES SURPLUS REVENUES MAY BE APPROPRIATED.

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

Appropriations based upon Base Revenue Estimate

SECTION 1. Article 1, Chapter 11, Title 11 of the 1976 Code is amended by adding:

"Section 11-11-140. (A) General fund appropriations in the annual general appropriations act may not exceed the base revenue estimate as calculated pursuant to subsection (B) or as adjusted pursuant to subsection (C).

(B) For purposes of this section, the base revenue estimate is the lesser of:

(1) (a) the total of recurring general fund revenues collected in the fiscal year completed before the General Assembly first considers the annual general appropriations bill;

(b) increased by a sum equal to seventy-five percent of the amount the general fund revenue estimate of the Board of Economic Advisors for the upcoming fiscal year exceeds the amount in subitem (a) of this item; or

(2) the general fund revenue estimate of the Board of Economic Advisors for the upcoming fiscal year.

(C) The base revenue estimate may be increased or decreased (1) by any amendment to the general appropriations bill which affects the Board of Economic Advisors revenue estimate or (2) enacted legislation which affects the board's estimate, if the board certifies in writing the change in estimated revenue.

(D) Appropriations from surplus may not be made before the first meeting of the General Assembly following the Comptroller General's closing of the books on the fiscal year in which the surplus occurred and may be appropriated only for nonrecurring purposes.

(E) In making a recommendation to the General Assembly for the fiscal year 1994-95 budget, and for each year thereafter, the Budget and Control Board shall not incorporate or realize any revenue derived on the basis of any future change in a method of accounting, as determined by the Budget and Control Board, unless such change in a method of accounting is based on statutory authority specifically granted to the Budget and Control Board or a statutory enactment changing the method of accounting."

Time effective

SECTION 2. This act takes effect upon approval by the Governor and first applies with respect to appropriations for fiscal year 1994-95.

Approved the 15th day of June, 1993.