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H 3115 - Changes the formula for funding the Local Government Fund

Tracking Level: Priority
Sponsor: James H. Merrill
Last Action: 1/8/2013 - House - Referred to Committee on Ways and Means
House Committee: WM
Assigned To:
Finance/Revenue/TaxesNext Bill
Staff: Melissa Carter (mcarter@masc.sc)

Staff Analysis of the Legislation

Summary of the bill as introduced: Changes the amount required to be appropriated to the Local Government Fund to the amount appropriated for FY 2013-2014 increased annually and cumulatively by the increase in CPI and the difference between the amount required to the appropriated annual to the LGF and 4.5 percent of state general fund revenues must be credited to the State Highway Fund.

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