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H 3368 - Limits general fund appropriations

Tracking Level: Of Interest
Sponsor: G.R. Smith
Last Action: 3/15/2011 - Referred to Committee on Finance
House Committee:
Assigned To:
General GovernanceNext Bill

Staff Analysis of the Legislation

02.17.11 The House Ways and Means committee gave this bill a favorable report.
02.10.11 The House Ways and Means General Government, Personnel and Benefits subcommittee gave this bill a favorable report with an amendment. The amendments were not relevant to municipalities.
Summary of the bill as introduced: Imposes a limit on the general fund appropriations for a fiscal year that is the total amount of the general fund revenue estimate as of February 15, 2010 for fiscal year 2010-2011 increased annually and cumulatively by a percentage determined by population increases and increases in CPI.


Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text

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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