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S 0213 - Removes the 4.5 percent funding level requirement for the Local Government Fund

Tracking Level: Priority
Sponsor: George Campsen (R)
Last Action: 1/13/2015 - Senate - Referred to Committee on Finance
Senate Committee:
Assigned To:
Finance/Revenue/TaxesNext Bill

Staff Analysis of the Legislation

Summary of the bill as introduced: Removes the 4.5 percent funding level requirement for the Local Government Fund and requires that appropriations to the fund must be made between not less than the allocation ratio of the latest fiscal year or the average of the allocation ratio of the five latest fiscal years or higher.

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Session 121 - (2015-2016)Printer Friendly
(pdf format)
S 0213 General Bill, By Campsen
Summary: Funding of local government
    A BILL TO AMEND SECTION 6-27-30 OF THE 1976 CODE, RELATING TO FUNDING OF THE LOCAL GOVERNMENT FUND FROM GENERAL FUND REVENUES, TO REMOVE 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 MADE BETWEEN NOT LESS THAN THE ALLOCATION RATIO OF THE LATEST FISCAL YEAR OR THE AVERAGE OF THE ALLOCATION RATIO OF THE FIVE LATEST FISCAL YEARS, OR HIGHER; AND TO PROVIDE FOR THE DEFINITION OF ALLOCATION RATIO.
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12/10/14Senate Prefiled
12/10/14Senate Referred to Committee on Finance
01/13/15Senate Introduced and read first time (Senate Journal-page 135)
01/13/15Senate Referred to Committee on Finance (Senate Journal-page 135)



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