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TO AMEND SECTION 6-27-30 OF THE 1976 CODE, RELATING TO FUNDING OF THE LOCAL GOVERNMENT FUND, TO PROVIDE THAT FOR ANY FISCAL YEAR THAT THE ACTUAL AMOUNT APPROPRIATED TO THE LOCAL GOVERNMENT FUND IS LESS THAN THE AMOUNT APPROPRIATED IN THE LATEST COMPLETED FISCAL YEAR, A POLITICAL SUBDIVISION RECEIVING AID FROM THE FUND MAY REDUCE ITS SUPPORT TO ANY STATE MANDATED PROGRAM OR REQUIREMENT BY UP TO A PERCENTAGE EQUAL TO THE PERCENTAGE REDUCTION IN THE ACTUAL AMOUNT APPROPRIATED TO THE LOCAL GOVERNMENT FUND.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 6-27-30 of the 1976 Code is amended to read:
"Section 6-27-30. (A) In the annual general appropriations act, an amount equal to not less than four and one-half percent of general fund revenues of the latest completed fiscal year must be appropriated to the Local Government Fund.
(B) For any fiscal year that the actual amount appropriated to the Local Government Fund is less than the amount appropriated in the latest completed fiscal year, a political subdivision receiving aid from the fund may reduce its support to any state mandated program or requirement by up to a percentage equal to the percentage reduction in the actual amount appropriated to the Local Government Fund."
SECTION 2. This act takes effect upon approval by the Governor.
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