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637Type of Legislation: General Bill GBIntroducing Body: SenateIntroduced Date: 20010426Primary Sponsor: WilsonAll Sponsors: Wilson and J. Verne SmithDrafted Document Number: l:\council\bills\bbm\9828htc01.docResiding Body: SenateCurrent Committee: Finance Committee 06 SFSubject: Gasoline tax revenues; apportionment of "C" construction funds to counties revised; Fuel, Political SubdivisionsHistory Body Date Action Description Com Leg Involved ______ ________ ______________________________________ _______ ____________ Senate 20010426 Introduced, read first time, 06 SF referred to Committee Versions of This Bill
TO AMEND SECTION 12-28-2740, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO "C" CONSTRUCTION FUNDS, SO AS TO REVISE THE FORMULA FOR DETERMINING THE APPORTIONMENT OF FUNDS TO COUNTIES BY ELIMINATING CONSIDERATION OF THE LAND AREA OF A COUNTY, AND TO DELETE AN OBSOLETE PROVISION.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-28-2740(A) of the 1976 Code is amended to read:
"(A) The proceeds from two and sixty-six one-hundredths cents a gallon of the tax on gasoline only as levied and provided for in this chapter must be deposited with the State Treasurer and expended for purposes set forth in this section. The monies must be apportioned among the counties of the State in the following manner:
one-third distributed in the ratio which the land area of the county bears to the total land area of the State;
(2) one-third one-half distributed in the ratio which the population of the county bears to the total population of the State as shown by the latest official decennial census;
(3)(2) and one-third one-half distributed in the ratio which the mileage of all rural roads in the county bears to the total rural road mileage in the State as shown by the latest official records of the Department of Transportation ;. The Department of Revenue shall collect the information required pursuant to Section 12-28-1390 regarding the number of gallons sold in each county for use in making allocations of donor funds as provided in subsection (H). The Department of Revenue shall submit the percentage of the total represented by each county to the Department of Transportation and to each county transportation committee annually by May first of the following calendar year. Upon request of a county transportation committee, the Department of Transportation shall continue to administer the funds allocated to the county ;
(4) for distribution in 1997, a transitional year as the result of the change of date for reporting the percentages referenced in item (3) to May first, the Department of Transportation shall use the latest data available from the Department of Revenue, which was derived from sales data for the 1995 calendar year.
All interest earnings on the County Transportation Fund in the State Treasury must be credited to the State Highway Fund.
All earnings on the County Transportation Fund in the State Treasury must be added to the distribution to counties under this section in the ratio that the county's annual distribution is of the total of these distributions statewide. These distributions of earnings and the calculation required to determine the appropriate amount shall not include those counties administering their own 'C' funds."
SECTION 2. This act takes effect July 1, 2001.
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