S 0587 Joint Resolution, By Courson, Alexander, Courtney, Drummond, Giese, 
Hayes, Leatherman, Leventis, Martin, Mescher, Moore, Reese, Ryberg, Setzler, 
J.V. Smith, Thomas and Wilson
 A Joint Resolution to ratify the Balanced Budget Amendment to the Constitution
 of the United States as adopted by the 104th Congress of the United States at
 its first session.

   03/01/95  Senate Introduced and read first time SJ-3
   03/01/95  Senate Referred to Committee on Finance SJ-3

A JOINT RESOLUTION

TO RATIFY THE BALANCED BUDGET AMENDMENT TO THE CONSTITUTION OF THE UNITED STATES AS ADOPTED BY THE 104TH CONGRESS OF THE UNITED STATES AT ITS FIRST SESSION.

Whereas, the 104th Congress of the United States of America at its First Session, in both houses by a constitutional majority of two-thirds thereof, adopted H. J. Res. 1 which proposes to amend the Constitution of the United States of America in the following words:

"Resolved by the Senate and the House of Representatives of the United States of America in Congress assembled (two-thirds of each House concurring therein), that the following article is proposed as an amendment to the Constitution of the United States, which shall be valid to all intents and purposes as part of the Constitution when ratified by the legislature of three-fourths of the several States within seven years after the date of its submission to the States for ratification:

`ARTICLE--'

`SECTION 1. Total outlays for any fiscal year shall not exceed total receipts for that fiscal year, unless three-fifths of the whole number of each House of Congress shall provide by law for a specific excess of outlays over receipts by a rollcall vote.

`SECTION 2. The limit on the debt of the United States held by the public shall not be increased, unless three-fifths of the whole number of each House shall provide by law for such an increase by a rollcall vote.

`SECTION 3. Prior to each fiscal year, the President shall transmit to the Congress a proposed budget for the United States Government for that fiscal year in which total outlays do not exceed total receipts.

`SECTION 4. No bill to increase revenue shall become law unless approved by a majority of the whole number of each House by a rollcall vote.

`SECTION 5. The Congress may waive the provisions of this article for any fiscal year in which a declaration of war is in effect. The provisions of this article may be waived for any fiscal year in which the United Sates is engaged in military conflict which causes an imminent and serious military threat to the national security and is so declared by a joint resolution, adopted by a majority of the whole number of each House, which becomes law.

`SECTION 6. The Congress shall enforce and implement this article by appropriate legislation, which may rely on estimates of outlays and receipts.

`SECTION 7. Total receipts shall include all receipts of the United States Government except those derived from borrowing. Total outlays shall include all outlays of the United States Government except for those for repayment of the debt principal.

`SECTION 8. This article shall take effect beginning with the fiscal year 2002 or with the second fiscal year beginning after its ratification, whichever is later.'" and

Whereas, this proposed amendment will be valid as part of the Constitution of the United States when ratified by the legislatures of three-fourths of the several states. Now, therefore,

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

SECTION 1. The Senate and the House of Representatives of the State of South Carolina, jointly, hereby ratify the balanced budget amendment to the Constitution of the United States of America presented in this resolution.

SECTION 2. Upon adoption, the Secretary of State of the State of South Carolina shall transmit certified copies of this resolution to the Archivist of the United States, Washington, D.C., the President of the Senate and the Speaker of the House of Representatives of the United States.