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Current Status Bill Number:View additional legislative information at the LPITS web site.15 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19990112 Primary Sponsor:Leventis All Sponsors:Leventis, Elliott, Reese Drafted Document Number:l:\council\bills\pt\1068som99.doc Residing Body:Senate Current Committee:Finance Committee 06 SF Subject:Revenue impact statements, appropriation amounts for legislative bills, budget bill; General Assembly, State History Body Date Action Description Com Leg Involved ______ ________ ______________________________________ _______ ____________ Senate 19990112 Introduced, read first time, 06 SF referred to Committee Senate 19981118 Prefiled, referred to Committee 06 SF Versions of This Bill
TO AMEND SECTIONS 2-7-71, AS AMENDED, AND 11-11-15, CODE OF LAWS OF SOUTH CAROLINA, 1976, BOTH RELATING TO ESTIMATED REVENUE IMPACT STATEMENTS AND TO THE BUDGET FUNCTIONS OF THE GOVERNOR, SO AS TO REQUIRE THAT THE RECOMMENDED STATE BUDGET SUBMITTED BY THE GOVERNOR AT THE BEGINNING OF EACH REGULAR SESSION OF THE GENERAL ASSEMBLY INCLUDE SPECIFIC APPROPRIATIONS FOR THE AMOUNTS STATED IN THE STATEMENTS OF ESTIMATED REVENUE IMPACT FOR BILLS ENACTED DURING THE PRIOR SESSION OF THE GENERAL ASSEMBLY.
Be in enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 2-7-71 of the 1976 Code, as amended by Act 82 of 1997, is further amended to read:
"Section 2-7-71. When a bill relating to state taxes is reported out of a standing committee of the Senate or House of Representatives for consideration, there must be attached and printed as a part of the committee report a statement of the estimated revenue impact of the bill on the finances of the State certified by the Board of Economic Advisors must be attached and printed as part of the committee report. As used in this section "statement of estimated revenue impact" means the consensus of the persons executing the required statement as to the increase or decrease in the net tax revenue to the State if the bill concerned is enacted by the General Assembly. In preparing a statement, the Board of Economic Advisors may request technical advice of the Department of Revenue. If the bill is enacted, the recommended state budget submitted by the Governor pursuant to Section 11-11-15 at the beginning of the first regular session after the session during which the bill was enacted must include specific appropriations for the amounts stated in the statement of estimated revenue impact."
SECTION 2. Section 11-11-15 of the 1976 Code, as added by Act 132 of 1993, is amended to read:
"Section 11-11-15. The functions of the State Budget and Control Board in the preparation and submission to the General Assembly of the recommended state budget are devolved upon the Governor. Wherever the phrase 'State Budget and Control Board' appears in the context of preparing and submitting budget recommendations to the General Assembly, it means the Governor. In preparing the recommended state budget, the Governor may consult with the State Treasurer, the Comptroller General, or other state officials as needed. The Budget Division of the State Budget and Control Board shall assist the Governor in preparing the budget recommendations, but this function of the Budget Division may not be construed as altering the overall management and administration of the Budget Division as an entity of the State Budget and Control Board. If a statement of estimated revenue impact, as defined in Section 2-7-71, was attached and printed as part of the committee report to a bill enacted by the General Assembly, the recommended state budget submitted by the Governor at the beginning of the first regular session after the session during which the bill was enacted must include specific appropriations for the amounts stated in the statement of estimated revenue impact."
SECTION 3. This act takes effect upon approval by the Governor.
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