S 334 Session 105 (1983-1984) S 0334 General Bill, By McConnell, H.A. Chapman, W.W. Doar, Drummond, R.H. Ellis, T.E. Garrison, Leatherman, Leventis, J.C. Lindsay, A.S. Macaulay, H.E. McDonald, M.E. McDonald, F.H. McGill, P.B. McLeod, Moore, E.J. Patterson, Peeler, C.G. Poag, Ravenel, J.R. Richardson, N.C. Russell, A.M. Sanders, Setzler, R.C. Shealy, J.V. Smith, N.W. Smith, T.B. Smith, D.S. Taylor and N.A. Theodore A Bill to establish a limitation on expenditures 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 both limitations; 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 and one-half 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 repeal Section 12, Part II of Act 517 of 1980, relating to spending and employment limitations and other budget matters effective March 1, 1985. 03/16/83 Senate Introduced and read first time SJ-732 03/16/83 Senate Referred to Committee on Finance SJ-733 |