Current Status Bill Number:3647 Ratification Number:217 Act Number:142 Type of Legislation:General Bill GB Introducing Body:House Introduced Date:19950222 Primary Sponsor:Ways and Means Committee HWM 30 All Sponsors:Ways and Means Committee Drafted Document Number:jic\5446htc.95 Date Bill Passed both Bodies:19950613 Date of Last Amendment:19950613 Governor's Action:S Date of Governor's Action:19950705 Subject: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House 19950316 Objection withdrawn by Representative Knotts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 reference
View 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:
Surplus appropriated
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."
Time effective
SECTION 2. This act takes effect upon approval by the Governor.
Approved the 5th day of July, 1995.