2015-2016 Bill 3429: Local Government Funding - South Carolina Legislature Online

South Carolina General Assembly

121st Session, 2015-2016

H. 3429

STATUS INFORMATION

General Bill

Sponsors: Reps. Southard, King, Norrell, Weeks, George, Knight, Nanney, Jefferson, Govan, Anthony, Horne, Hosey, Spires, Hicks, Kennedy, Yow, Chumley, Brannon, Bamberg, Clyburn, W.J.McLeod, Burns, Hayes, Alexander, Allison, CobbHunter, Dillard, Douglas, Gagnon, Henegan, Hodges, Long, McKnight, D.C.Moss, Ridgeway, RobinsonSimpson, Rutherford, Williams, G.A.Brown, Hill, Kirby, Anderson, Quinn, Mitchell, Huggins, Felder, Hardee and Duckworth

Document Path: l:\council\bills\bbm\9149dg15.docx

Companion/Similar bill(s): 473

Introduced in the House on January 27, 2015

Currently residing in the House Committee on Ways and Means

Summary: Local government funding

HISTORY OF LEGISLATIVE ACTIONS

DateBodyAction Description with journal page number

1/27/2015HouseIntroduced and read first time (House Journalpage24)

1/27/2015HouseReferred to Committee on Ways and Means(House Journalpage24)

1/28/2015HouseMember(s) request name added as sponsor: G.A.Brown

2/4/2015HouseMember(s) request name added as sponsor: Hill

2/12/2015HouseMember(s) request name added as sponsor: Kirby

2/17/2015HouseMember(s) request name added as sponsor: Anderson, Quinn, Mitchell

2/19/2015HouseMember(s) request name added as sponsor: Huggins

2/24/2015HouseMember(s) request name added as sponsor: Felder, Hardee, Duckworth

View the latest legislative information at the website

VERSIONS OF THIS BILL

1/27/2015

ABILL

TO AMEND SECTION 62730, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO FUNDING OF THE LOCAL GOVERNMENT FUND, SO AS TO INCREMENTALLY RESTORE THE LAWFUL FUNDING LEVEL OF THE LOCAL GOVERNMENT FUND; AND TO AMEND SECTION 62750, RELATING TO AMENDING OR REPEALING PROVISIONS OF THE STATE AID TO SUBDIVISIONS ACT, SO AS TO PROVIDE THAT SUCH PROVISIONS MAY NOT BE SUSPENDED EXCEPT IN SEPARATE LEGISLATION SOLELY FOR THAT PURPOSE.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION1.Section 62730 of the 1976 Code is amended to read:

“Section 62730.In the annual general appropriations act, an amount equal to not less than four and onehalf percent of general fund revenues of the latest completed fiscal year must be appropriated to the Local Government Fund.

(A)For purposes of this section:

(1)‘Baseyear amount’ means the total Local Government Fund appropriation for Fiscal Year 20142015.

(2)‘Formula amount’ means four and onehalf percent of general fund revenues of the latest completed fiscal year.

(B)(1)For Fiscal Year 20152016, the Local Government Fund must be funded in the amount equal to the baseyear amount plus thirtythree percent of the difference between the baseyear amount and the formula amount.

(2)For Fiscal Year 20162017, the Local Government Fund must be funded in the amount equal to the baseyear amount plus sixtysix percent of the difference between the baseyear amount and the formula amount;

(3)For Fiscal Year 20172018, and all subsequent fiscal years, the Local Government Fund must be funded at the formula amount.

(C)In calculating estimated state individual and corporate income tax revenues for a fiscal year the Board of Economic Advisors shall deduct amounts necessary to fund the Local Government Fund for the fiscal year pursuant to this section. The amount deducted is unavailable for appropriation in the applicable fiscal year and instead must be credited to the Local Government Fund for distribution as provided pursuant to this chapter.”

SECTION2.Section 62750 of the 1976 Code is amended to read:

“Section 62750.No section of this chapter may be amended, suspended, or repealed except in separate legislation solely for that purpose.”

SECTION3.This act takes effect upon approval by the Governor.

[3429]1