South Carolina Legislature


 

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S 750
Session 105 (1983-1984) 

S 0750 General Bill, By J.M. Waddell, R.C. Dennis, W.W. Doar, Drummond, 
R.H. Ellis, T.E. Garrison, R.C. Lake, Leatherman, Leventis, J.C. Lindsay, 
A.S. Macaulay, J.A. Martin, H.E. McDonald, M.E. McDonald, F.H. McGill, 
P.B. McLeod, Moore, E.J. Patterson, Peeler, C.G. Poag, J.R. Richardson, Setzler, 
R.C. Shealy, H.C. Smith, J.V. Smith, N.W. Smith, T.B. Smith, D.S. Taylor and 
N.A. Theodore

Similar(S 823) A Bill to designate Sections 11-11-10 through 11-11-110 and Section 11-11-130, Code of Laws of South Carolina, 1976, Article 1 of Chapter 11 of Title 11 of the 1976 Code to be entitled "General Provisions"; to designate Section 12 of Part II of Act 219 of 1977 as Section 11-11-310 and Article 3 of Chapter 11 of Title 11 of the 1976 Code to be entitled "Reserve Fund"; to amend Chapter 11 of Title 11 by adding Article 5 so as to establish a limitation on appropriations of state government based on the economic growth of the State as measured by the growth in South Carolina personal income, and a limitation on growth of state employment based on the growth of the population of the State and provide procedures for computing and suspending both limitations; prohibit the Comptroller General from approving or issuing warrants for disbursement above the amount appropriated unless authorized by the General Assembly; provide that the Division of Research and Statistical Services of the Budget and Control Board shall annually compute and certify to the General Assembly a current figure to limit appropriations as provided in this Article prior to the Board's submission of its recommended budget to the House Ways and Means Committee; prohibit the use of revenue bond proceeds for other than capital improvements and limit annual maximum debt service on general obligation bonds to not more than five percent of general state revenues in the previous fiscal year; require new or increased taxes to be levied by separate legislative acts rather than in appropriation acts; and to provide for a tax credit for business enterprises who employ twenty-five or more full-time employees and locate such business in a designated less developed area; and to repeal Section 12, Part II, of Act 517 of 1980 and the fifth paragraph of Section 12, Part II, of Act 219 of 1977, relating to spending and employment limitations and other budget matters effective July 1, 1985, and to the provisions authorizing recommendations of appropriations to exceed ninety-five percent of the annual approved revenue estimates. 02/02/84 Senate Introduced and read first time SJ-558 02/02/84 Senate Referred to Committee on Finance SJ-559



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