S*1296 Concurrent Resolution, By Drummond, Bryan, A.E. Carmichael, Courson, 
Courtney, H.U. Fielding, Giese, F. Gilbert, Hayes, R.L. Helmly, D.L. Hinds, 
C.T. Hinson, Holland, Land, Leatherman, Leventis, I.E. Lourie, A.S. Macaulay, 
J.A. Martin, S.S. Martschink, Matthews, McConnell, McGill, T.W. Mitchell, Moore, 
M.F. Mullinax, O'Dell, Passailaigue, Patterson, Peeler, T.H. Pope, Reese, 
M.T. Rose, Russell, Saleeby, Setzler, R.C. Shealy, J.V. Smith, N.W. Smith, 
H.S. Stilwell, Thomas, Washington, M.B. Williams and Wilson
 A Concurrent Resolution to approve actions taken by the Budget and Control
 Board to offset the reduction in revenues in fiscal year 1991-92

   02/12/92  Senate Introduced, adopted, sent to House SJ-5
   02/12/92  House  Introduced HJ-14
   02/12/92  House  Amended HJ-15
   02/12/92  House  Adopted HJ-16
   02/12/92  House  Returned to Senate with amendments HJ-16
   02/12/92  Senate Concurred in amendment SJ-9

AS PASSED BY THE GENERAL ASSEMBLY

February 12, 1992

S. 1296

Introduced by SENATORS Drummond, J. Verne Smith, Land, Setzler, Bryan, Carmichael, Courson, Courtney, Fielding, Giese, Gilbert, Robert W. Hayes Jr., Helmly, Hinds, Hinson, Holland, Leatherman, Leventis, Lourie, Macaulay, Martin, Martschink, Matthews, McConnell, McGill, Mitchell, Moore, Mullinax, O'Dell, Passailaigue, Patterson, Peeler, Pope, Reese, Rose, Russell, Saleeby, Shealy, Nell W. Smith, Stilwell, Thomas, Washington, Williams and Wilson

S. Printed 2/12/92--S.

Read the first time February 12, 1992.

A CONCURRENT RESOLUTION

TO APPROVE THE ACTIONS TAKEN BY THE BUDGET AND CONTROL BOARD TO OFFSET THE REDUCTION IN REVENUES IN FISCAL YEAR 1991-92.

Amend Title To Conform

Whereas, on February 10, 1992, the Board of Economic Advisors reduced further the revenue estimate for fiscal year 1991-92 to 3 billion, 385 million dollars; and

Whereas, the General Assembly recognizes the need to reduce the level of expenditure by state agencies by one percent in light of the Board of Economic Advisors' revised revenue estimate; and

Whereas, the General Assembly recognizes the austere fiscal situation impacting on school districts in this State; and

Whereas, there currently exists $38,156,141 in the General Reserve Fund to cover any revenue shortfalls at the end of the fiscal year 1991-92. Now, therefore,

Be it resolved by the Senate, the House of Representatives concurring:

That the General Assembly approves, subject to those additional appropriations listed below in this resolution, the actions taken by the Budget and Control Board to offset the fifty-five million dollar reduction in revenues in fiscal year 1991-92 as follows:

(1) Difference from the 7-26-91

3% cut taken versus the BEA revenue

reduction of $148.2 million 19.7

(2) Radioactive waste surcharge

increase January-June 1992 19.6

(3) 1% across the board agency

set-aside; 32.9

exempt EFA partial (5.5)

(4) Reduce for the following agency

deficits:

(a) SC Department of Corrections (8.0)

(b) Department of Social Services (1.0)

(c) Other agencies (1.0)

(5) Total amount to apply to reduction $56.7

(6) BEA revenue reduction 2-10-92 (55.0)

(7) Balance remaining $1.7.

Be it further resolved that the General Assembly approval of the Budget and Control Board's action is contingent upon the Budget and Control Board restoring from the 1.7 million dollar balance remaining the following appropriations to the agencies shown:

(1) John de la Howe School 32,000.00

(2) Wil Lou Gray Opportunity School27,000.00

(3) School for the Deaf and Blind102,000.00

161,000.00.