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S 0103 - Changes the funding formula of the Local Government Fund

Tracking Level: Of Interest
Sponsor: George Campsen (R)
Last Action: 1/8/2019 - Senate - Referred to Committee on Finance
Senate Committee: Fin
Assigned To:
Finance/Revenue/TaxesNext Bill

Staff Analysis of the Legislation
Summary of the bill as introduced: Requires the Local Government Fund appropriations to be no less than the greater of two amounts: the allocation ratio of the latest fiscal year, or the average of the allocation ratio of the last five fiscal years.

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Session 123 - (2019-2020)Printer Friendly
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S 0103 General Bill, By Campsen and Rice
Summary: Local Government Fund
    A BILL TO AMEND SECTION 6-27-30 OF THE 1976 CODE, RELATING TO THE FUNDING OF THE LOCAL GOVERNMENT FUND FROM GENERAL FUND REVENUES, TO DELETE THE REQUIREMENT THAT NOT LESS THAN FOUR AND ONE-HALF PERCENT OF GENERAL FUND REVENUES MUST BE APPROPRIATED, AND TO PROVIDE THAT APPROPRIATIONS MUST BE NO LESS THAN THE GREATER OF THE ALLOCATION RATIO OF THE LATEST FISCAL YEAR OR THE AVERAGE OF THE ALLOCATION RATIO OF THE LAST FIVE FISCAL YEARS.
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12/12/18Senate Prefiled
12/12/18Senate Referred to Committee on Finance
01/08/19Senate Introduced and read first time (Senate Journal-page 87)
01/08/19Senate Referred to Committee on Finance (Senate Journal-page 87)


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Municipal Association of South Carolina
1411 Gervais St., PO Box 12109, Columbia, SC 29211
Phone: 803.799.9574, Fax: 803.933.1299, mail@masc.sc