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H 4709 -	The Cut, Cap, and Balance Act of 2012

Tracking Level:

Of Interest

Sponsor:

G.R. Smith

Last Action:

2/1/2012 - Referred to Committee on Ways and Means

House Committee:

Assigned To:

Staff Analysis of the Legislation
Summary of the bill as introduced: Defines that the limit on general fund appropriations for a fiscal year is the total amount of the general fund revenue estimate as of February 15, 2011, for fiscal year 2011-2012, increased annually and cumulatively by a percentage determined by population increases and increases in the CPI.

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

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