H 3032 General Bill, By Kirsh, Bailey, Meacham, Robinson and Simrill
 A BILL TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION
 2-7-125, SO AS TO PROHIBIT THE CONSIDERATION IN EITHER HOUSE OF THE GENERAL
 ASSEMBLY OF ANY BILL, JOINT RESOLUTION, OR AMENDMENT APPROPRIATING ADJUSTED
 SURPLUS GENERAL FUND REVENUES BEFORE THE COMPTROLLER GENERAL CLOSES THE
 STATE'S BOOKS IN THE FISCAL YEAR.

   12/11/96  House  Prefiled
   12/11/96  House  Referred to Committee on Ways and Means
   01/14/97  House  Introduced and read first time HJ-24
   01/14/97  House  Referred to Committee on Ways and Means HJ-24

TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 2-7-125, SO AS TO PROHIBIT THE CONSIDERATION IN EITHER HOUSE OF THE GENERAL ASSEMBLY OF ANY BILL, JOINT RESOLUTION, OR AMENDMENT APPROPRIATING ADJUSTED SURPLUS GENERAL FUND REVENUES BEFORE THE COMPTROLLER GENERAL CLOSES THE STATE'S BOOKS IN THE FISCAL YEAR.

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

SECTION 1. Article 1, Chapter 7, Title 2 of the 1976 Code is amended by adding:

"Section 2-7-125. No bill, joint resolution, or amendment appropriating adjusted surplus general fund revenues may be considered in either house of the General Assembly before the Comptroller General closes the state's books on the fiscal year in which the surplus occurred. For purposes of this section, adjusted surplus revenues are general fund revenues in a fiscal year in excess of the general fiscal revenue estimate contained in the annual general appropriations act applicable for that year, unreduced by the setaside required pursuant to Section 11-11-140 and amounts transferred to the General Reserve Fund."

SECTION 2. This act takes effect July 1, 1997.