2013-2014 Bill 3115: Local Government Fund - South Carolina Legislature Online

South Carolina General Assembly

120th Session, 2013-2014

H. 3115

STATUS INFORMATION

General Bill

Sponsors: Rep. Merrill

Document Path: l:\council\bills\bbm\10762htc13.docx

Introduced in the House on January 8, 2013

Currently residing in the House Committee on Ways and Means

Summary: Local government fund

HISTORY OF LEGISLATIVE ACTIONS

Date Body Action Description with journal page number

12/11/2012 House Prefiled

12/11/2012 House Referred to Committee on Ways and Means

1/8/2013 House Introduced and read first time (House Journalpage89)

1/8/2013 House Referred to Committee on Ways and Means (House Journalpage89)

VERSIONS OF THIS BILL

12/11/2012

A BILL

TO AMEND SECTION 62730, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE STATE AID TO SUBDIVISIONS ACT, SO AS TO PROVIDE THAT BEGINNING WITH FISCAL YEAR 20142015, THE AMOUNT REQUIRED TO BE APPROPRIATED TO THE LOCAL GOVERNMENT FUND IS THE AMOUNT APPROPRIATED FOR FISCAL YEAR 20132014, INCREASED ANNUALLY AND CUMULATIVELY BY THE INCREASE IN THE CONSUMER PRICE INDEX AND TO PROVIDE THAT THE DIFFERENCE BETWEEN THE AMOUNT REQUIRED TO BE APPROPRIATED ANNUALLY TO THE LOCAL GOVERNMENT FUND AND FOUR AND ONEHALF PERCENT OF STATE GENERAL FUND REVENUES IN THE LATEST STATE FISCAL YEAR MUST BE CREDITED TO THE STATE HIGHWAY FUND.

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

SECTION 1. Section 62730 of the 1976 Code is amended to read:

“Section 62730. (A) 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 the amount appropriated to that fund for fiscal year 20132014, must be appropriated to the Local Government Fund, increased annually and cumulatively by an inflation factor equal to the percentage increase in the consumer price index, southeast region, in the most recently completed state fiscal year, based on consumer price data published by the United States Department of Labor, Bureau of Labor Statistics.

(B) The difference in the amount required to be appropriated to the Local Government Fund as provided pursuant to subsection (A) and four and onehalf percent of state general fund revenues in the latest completed fiscal year must be credited to the State Highway Fund as provided pursuant to Section 571120. Amounts credited to the State Highway Fund pursuant to this subsection must not be included in the general fund of the State for any purpose of estimating state general fund revenues or funding formulas in which general fund revenues are a factor.”

SECTION 2. This act takes effect July 1, 2013, and first applies for amounts appropriated to the Local Government Fund for state fiscal years beginning after June 30, 2014.

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