Current Status Bill Number:
3647Ratification Number: 217Act Number: 142Type of Legislation: General Bill GBIntroducing Body: HouseIntroduced Date: 19950222Primary Sponsor: Ways and Means Committee HWM 30All Sponsors: Ways and Means CommitteeDrafted Document Number: jic\5446htc.95Date Bill Passed both Bodies: 19950613Date of Last Amendment: 19950613Governor's Action: SDate of Governor's Action: 19950705Subject: Property tax relief
Body Date Action Description Com Leg Involved ______ ________ _______________________________________ _______ ____________ ------ 19950705 Act No. A142 ------ 19950705 Signed by Governor ------ 19950615 Ratified R217 Senate 19950613 Ordered enrolled for ratification Senate 19950613 Conference Committee Report 88 SCC received, adopted House 19950612 Conference Committee Report 98 HCC received, adopted Senate 19950612 Free Conference powers granted, 89 SFCC Drummond appointed Senators to Committee J.Verne Smith of Free Conference Peeler Senate 19950516 Conference powers granted, 88 SCC Drummond appointed Senators to Committee J.Verne Smith of Conference Peeler House 19950511 Conference powers granted, 98 HCC H. Brown appointed Reps. to Committee of Felder Conference Harrell House 19950511 Insists upon amendment Senate 19950511 Non-concurrence in House amendment House 19950511 Senate amendments amended, returned to Senate Senate 19950509 Amended, read third time, returned to House with amendments Senate 19950503 Read second time with notice of general amendments, carrying over all amendments to third reading Senate 19950427 Committee amendment adopted Senate 19950425 Committee report: Favorable with 06 SF amendment Senate 19950321 Introduced, read first time, 06 SF referred to Committee House 19950316 Read third time, sent to Senate House 19950316 Objection withdrawn by Representative Knotts House 19950315 Read second time House 19950315 Amended House 19950315 Reconidered vote whereby the bill was continued House 19950302 Continued House 19950228 Objection by Representative Huff A. Young Felder Harrell Davenport Fulmer Robinson Kelley Knotts Carnell House 19950222 Introduced, read first time, placed on Calendar without referenceView additional legislative information at the LPITS web site.
(A142, R217, H3647)
AN ACT TO AMEND SECTION 11-11-140, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE LIMITATION ON GENERAL FUND APPROPRIATIONS IN THE ANNUAL GENERAL APPROPRIATIONS ACT, SO AS TO PROHIBIT APPROPRIATIONS OF SURPLUS REVENUES BEFORE THE CLOSING OF THE STATE'S BOOKS FOR A FISCAL YEAR AND TO PROVIDE THAT THE AMOUNT UNAVAILABLE FOR APPROPRIATION IN THE ANNUAL GENERAL APPROPRIATIONS ACT PURSUANT TO THE LIMITATION, AFTER TRANSFER TO THE GENERAL FUND OF AMOUNTS NECESSARY TO OFFSET A RECOGNIZED BUDGET SHORTFALL FOR THE YEAR FOR WHICH THE LIMITATION APPLIED, IS APPROPRIATED TO THE PROPERTY TAX RELIEF FUND.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 11-11-140 of the 1976 Code, as last amended by Section 7, Part II, Act 497 of 1994, is further amended by adding at the end:
"(F) Notwithstanding the provisions of subsection (D), appropriations from surplus may not be expended before the Comptroller General's closing of the books on the fiscal year in which the surplus occurred. The surplus in this subsection, that is the calculated set-aside as defined in this section, after reduction by way of transfer to the general fund of such amount as necessary to offset any recognized budget shortfall for the fiscal year in which the set-aside surplus occurred, is appropriated for deposit in the State Property Tax Relief Fund. After the first year that the State Property Tax Relief Fund is fully funded, the procedure in subsection (D) must be applied."
SECTION 2. This act takes effect upon approval by the Governor.
Approved the 5th day of July, 1995.