S 0824 Joint Resolution, By Senate Finance
 A Joint Resolution proposing amendments to Section 7 of Article X of the
 Constitution of South Carolina, 1895, relating to the levy of taxes to meet
 expenses and deficits of State Government, so as to rephrase a part of the
 Section to provide that the General Assembly shall provide by law that the
 annual State Budget must be balanced; and to provide that the General Assembly
 shall prescribe by law that annual increases in state appropriations may not
 exceed the average growth rate of the economy of the State nor may the annual
 increase in the number of state employees exceed the average growth of the
 population of the State; proposing an amendment to Section 13 of Article X of
 the Constitution of South Carolina, 1895, relating to the bonded indebtedness
 of the State, so as to reduce the maximum annual debt service on all general
 obligation bonds of the State from seven to five and one-half percent of the
 general revenues of the State for the fiscal year next preceding and to
 provide that the General Assembly by legislative enactment relating only to
 that matter may increase the percentage rate of the general revenues of the
 State that may be applied to annual debt service not to exceed seven percent
 of the general revenues; proposing an amendment to Section 36 of Article III
 of the Constitution of South Carolina, 1895, relating to the State General
 Fund Reserve, so as to reduce such reserve from five to three percent of the
 General Fund Revenue of the latest completed fiscal year and provide for the
 withdrawal of funds from the reserve to cover operating deficits of state
 government, to require the General Assembly to provide by law for a procedure
 to survey the progress of the collection of revenue and the expenditure of
 funds and to authorize and direct reduction of appropriations as may be
 necessary to prevent a deficit; to require the General Assembly to provide for
 an orderly restoration of funds withdrawn from the General Fund Reserve from
 future revenues and delete the provisions relating to the repayment of the
 Reserve Fund should there be a year-end operating deficit.
   02/23/84  Senate Introduced, read first time, placed on calendar
                     without reference SJ-748
   02/28/84  Senate Special order SJ-781
   02/28/84  Senate  Referred to Judiciary Committee for two weeks SJ-781
   03/13/84  Senate  Jud. Comm. time extended 1 wk; special order
                     3/20/84 SJ-998
   03/14/84  Senate Special order
   03/22/84  Senate Debate adjourned SJ-1137
   03/27/84  Senate  Ordered returned from Jud. Comm. by previous
                     agreement SJ-1185
   03/27/84  Senate Debate adjourned SJ-1188
   03/28/84  Senate Recommitted to Committee on Finance SJ-1221