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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 11-11-275 SO AS TO PROVIDE THAT IF THE BOARD OF ECONOMIC ADVISORS ADJUSTS ITS FORECAST FOR THE NEXT FISCAL YEAR AFTER THE HOUSE OF REPRESENTATIVES GIVES THIRD READING TO THE ANNUAL GENERAL APPROPRIATIONS ACT, ANY INCREASE IN PROJECTED REVENUE ONLY MAY BE APPROPRIATED TO THE STATE NON-FEDERAL AID HIGHWAY FUND.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 1, Chapter 11, Title 11 of the 1976 Code is amended by adding:
"Section 11-11-275. Beginning with the annual general appropriations act for Fiscal Year 2016-2017, if the Board of Economic Advisors adjusts its forecast for the next fiscal year after the House of Representatives gives third reading to the annual general appropriations act, any increase in projected revenue only may be appropriated to the State Non-Federal Aid Highway Fund."
SECTION 2. This act takes effect upon approval by the Governor.
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