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H 3099 - Makes changes to the funding formula of the Local Government Fund

Tracking Level: Priority
Sponsor: Russell Ott
Last Action: 2/21/2018 - House - Member(s) request name added as sponsor: Jefferson, Knight
House Committee: WM
Assigned To:
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Staff Analysis of the Legislation

Summary of the bill as introduced: Changes the name of the Local Government Fund to the Local Government Revenue Sharing Fund and requires the Fund for the upcoming fiscal year to increase by the same projected increase as the state general fund not to exceed five percent compared to the appropriation in the current fiscal year.

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Session 122 - (2017-2018)Printer Friendly
(pdf format)
H 3099 General Bill, By Ott, Cobb-Hunter, B. Newton, Alexander, Jefferson and Knight
Summary: State Aid to Subdivisions Act
    A BILL TO AMEND CHAPTER 27, TITLE 6, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE STATE AID TO SUBDIVISIONS ACT, SO AS TO CHANGE THE NAME OF THE LOCAL GOVERNMENT FUND, TO DELETE THE REQUIREMENT THAT THE FUND RECEIVE NOT LESS THAN FOUR AND ONE-HALF PERCENT OF THE GENERAL FUND REVENUES OF THE LATEST COMPLETED FISCAL YEAR, TO DELETE A PROVISION REGARDING MIDYEAR CUTS, TO PROVIDE THAT THE APPROPRIATION TO THE FUND MUST BE INCREASED BY THE SAME PERCENTAGE THAT GENERAL FUND REVENUES ARE PROJECTED TO INCREASE, IF APPLICABLE, BUT NOT TO EXCEED FIVE PERCENT, TO REQUIRE THAT THE PERCENTAGE INCREASE, IF APPLICABLE, BE INCLUDED IN ALL STAGES OF THE BUDGET PROCESS, TO AMEND THE DISTRIBUTION PERCENTAGE OF THE FUND, AND TO DELETE A PROVISION REQUIRING AMENDMENTS TO THE STATE AID TO SUBDIVISIONS ACT BE INCLUDED IN SEPARATE LEGISLATION.
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12/15/16House Prefiled
12/15/16House Referred to Committee on Ways and Means
01/10/17House Introduced and read first time (House Journal-page 72)
01/10/17House Referred to Committee on Ways and Means (House Journal-page 72)
01/24/18House Member(s) request name added as sponsor: Alexander
02/21/18House Member(s) request name added as sponsor: Jefferson, Knight



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