S 1106

  • South Carolina Senate Joint Resolution
  • 2021-2022 Regular Session
  • Introduced in Senate Mar 29, 2022
  • Passed Senate Mar 22, 2022
  • Passed House May 05, 2022
  • Governor

Reserve funds

Abstract

A JOINT RESOLUTION PROPOSING AN AMENDMENT TO SECTION 36, ARTICLE III OF THE CONSTITUTION OF SOUTH CAROLINA, 1895, RELATING TO THE GENERAL RESERVE FUND AND THE CAPITAL RESERVE FUND, SO AS TO INCREASE FROM FIVE TO SEVEN PERCENT IN INCREMENTS OF ONE-HALF OF ONE PERCENT OVER FOUR FISCAL YEARS THE AMOUNT OF STATE GENERAL FUND REVENUE IN THE LATEST COMPLETED FISCAL YEAR REQUIRED TO BE HELD IN THE GENERAL RESERVE FUND AND THE MANNER THE SEVEN PERCENT REQUIREMENT MUST BE MAINTAINED; AND PROPOSING ANOTHER AMENDMENT TO SECTION 36, ARTICLE III OF THE CONSTITUTION OF THIS STATE, RELATING TO THE GENERAL RESERVE FUND AND THE CAPITAL RESERVE FUND, SO AS TO INCREASE FROM TWO TO THREE PERCENT THE AMOUNT OF STATE GENERAL FUND REVENUE IN THE LATEST COMPLETED FISCAL YEAR REQUIRED TO BE HELD IN THE CAPITAL RESERVE FUND AND TO PROVIDE THAT THE FIRST USE OF THE CAPITAL RESERVE FUND MUST BE TO OFFSET MIDYEAR BUDGET REDUCTIONS. - ratified title

Bill Sponsors (4)

Votes


Actions


Jul 25, 2022

South Carolina Legislature

Act No. 240

Jun 16, 2022

South Carolina Legislature

Ratified R 261

Jun 15, 2022

Senate

Roll call Ayes-40 Nays-1

Senate

Conference report received and adopted

House

Roll call Yeas-111 Nays-0

House

Conference report received and adopted

Senate

Ordered enrolled for ratification

May 12, 2022

Senate

Conference committee appointed Peeler, Setzler, Alexander

May 11, 2022

Senate

Non-concurrence in House amendment

House

House insists upon amendment and conference committee appointed Reps. GM Smith, Simrill, Rutherford

May 05, 2022

House

Read third time and returned to Senate with amendments

May 04, 2022

House

Read second time

House

Amended

House

Roll call Yeas-111 Nays-0

Apr 28, 2022

House

Committee report: Favorable with amendment Ways and Means

Mar 29, 2022

House

Referred to Committee on Ways and Means

House

Introduced and read first time

Mar 22, 2022

Senate

Read third time and sent to House

Mar 17, 2022

Senate

Amended

Senate

Roll call Ayes-43 Nays-0

Senate

Read second time

Mar 15, 2022

Senate

Committee Amendment Adopted

Mar 10, 2022

South Carolina Legislature

Scrivener's error corrected

Mar 09, 2022

Senate

Committee report: Favorable with amendment Finance

Mar 01, 2022

Senate

Introduced and read first time

Senate

Referred to Committee on Finance

Bill Text

Bill Text Versions Format
3/1/2022 HTML
3/9/2022 HTML
3/10/2022 HTML
3/15/2022 HTML
3/17/2022 HTML
4/28/2022 HTML
5/4/2022 HTML
6/15/2022 HTML
Filed VND.OPENXMLFORMATS-OFFICEDOCUMENT.WORDPROCESSINGML.DOCUMENT HTML

Related Documents

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Sources

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