reglab/statecodes huggingface dataset:
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 9 - State Finances Generally › Section 11-9-665. Purchase of real property as investments of certain reserve or sinking funds.

(A) The authority on behalf of the State may acquire for use by the State real property as investments of any reserve or sinking fund of the State which is not pledged for payment of bonded indebtedness. Provided, however, such expenditures from the reserve or sinking fund shall not exceed two million dollars. Upon any such acquisition the authority shall execute a note evidencing such investment upon such terms and conditions as may be appropriate in each instance. The note shall include a pledge of the board to apply on its payment all net income derived from the property so acquired; provided, that funding for any permanent project on the property shall provide for repayment of any outstanding balance to the appropriate reserve or sinking fund. Provided, further, that the purchase price of any property so acquired, including improvements existing or proposed, shall not be in excess of the actual value thereof as established by at least two appraisals satisfactory to the said board. Any property not put to permanent use by the State or one of its agencies or departments within six years shall be sold at public auction and the proceeds repaid to the appropriate reserve or sinking fund. Provided, further, that no property shall be acquired pursuant to the provisions of this section when the grantor has entered into a contract with any county, city or other political subdivision which created a tax obligation with respect to the property and such obligation has not been resolved to the satisfaction of the county, city or other political subdivision involved.
(B) Provided, that prior to purchasing, or contracting to purchase any real property the authority shall engage an independent engineer to make borings so as to insure that the property is adaptable to the contemplated use.
HISTORY: 1976 Act No. 625 Section 1; 2014 Act No. 121 (S.22), Pt V, Section 7.T.2, eff July 1, 2015.
Effect of Amendment
2014 Act No. 121, Section 7.T.2, added the paragraph designators; in subsection (A), substituted "the authority" for "the Budget and Control Board" in the first instance, and "the State Budget and Control Board" in the second instance; substituted "the authority" for "the Budget and Control Board" in subsection (B); and made other nonsubstantive changes.
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 9 - State Finances Generally › Section 11-9-670. Control of securities in which Sinking Fund is invested.

Subject to the limitations set forth in Section 11-9-660, the authority shall have full power to hold, purchase, sell, assign, transfer and dispose of any of the securities and investments in which the Sinking Fund shall have been invested.
HISTORY: 1962 Code Section 1-798; 1952 Code Section 1-798; 1942 Code Sections 2142, 2143; 1932 Code Section 2142; Civ. C. '22 Section 103; Civ. C. '12 Section 98; Civ. C. '02 Section 94; 1897 (22) 440; 1911 (27) 223; 1939 (41) 215; 1941 (42) 150; 1950 (46) 3605; 1959 (51) 126; 2014 Act No. 121 (S.22), Pt V, Section 7.T.2, eff July 1, 2015.
Effect of Amendment
2014 Act No. 121, Section 7.T.2, substituted "the authority" for "the Budget and Control Board", and made other nonsubstantive changes.
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 9 - State Finances Generally › Section 11-9-680. Annual report.

The authority shall annually report to the General Assembly the condition of the Sinking Fund and all sales or other transactions connected therewith.
HISTORY: 1962 Code Section 1-803; 1952 Code Section 1-803; 1942 Code Section 2140; 1932 Code Sections 2132, 2140; Civ. C. '22 Sections 93, 101; Civ. C. '12 Sections 88, 96; Civ. C. '02 Sections 84, 92; G. S. 57, 64; R. S. 78, 86; 1870 (14) 388; 1884 (18) 864; 2014 Act No. 121 (S.22), Pt V, Section 7.T.2, eff July 1, 2015.
Effect of Amendment
2014 Act No. 121, Section 7.T.2, substituted "The authority" for "The State Budget and Control Board".
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 9 - State Finances Generally › Section 11-9-805. Definitions.

For purposes of this article:
(1) "Executive Director" means the Executive Director of the Revenue and Fiscal Affairs Office.
(2) "Office" means the Revenue and Fiscal Affairs Office.
(3) "Tax expenditure" means an amount of state revenue unavailable for general fund appropriation when the loss of revenue is attributable to a provision of the South Carolina Code of Laws which allow a special exclusion, exemption, or deduction from gross income, which provide a special credit, a preferential rate of tax, or a deferral of tax liability or which allocate or distribute state funds pursuant to an incentive program or fund.
HISTORY: 2018 Act No. 246 (H.3895), Section 2, eff July 1, 2018; 2019 Act No. 83 (H.4243), Section 6, eff May 22, 2019.
Effect of Amendment
2019 Act No. 83, Section 6, added (3), relating to the definition of "Tax expenditure".
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 9 - State Finances Generally › Section 11-9-810. Findings and purpose.

The General Assembly finds and declares that the present system of advising the Governor and the State Fiscal Accountability Authority and General Assembly on economic trends has, at times, developed in a fragmented manner, and that a unified system of dealing with the collection, analysis, interpretation, and presentation of matters relative to the economy is urgently needed for the orderly development of projections and forecasts as relates to revenues and expenditures for a specified period of time. It is the purpose of this provision to establish an organizational and procedural framework governing formulation, evaluation and continuing review of all state revenues and expenditures for all state programs; and to establish general policy governing the administration of the Board of Economic Advisors and the Revenue and Fiscal Affairs Office.
HISTORY: 1982 Act No. 466, Part II, Section 44; 2018 Act No. 246 (H.3895), Section 2, eff July 1, 2018.
Code Commissioner's Note
At the direction of the Code Commissioner, references in this section to the offices of the former State Budget and Control Board, Office of the Governor, or other agencies, were changed to reflect the transfer of them to the Department of Administration or other entities, pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, Section 5(D)(1), effective July 1, 2015.
Effect of Amendment
2018 Act No. 246, Section 2, in the second sentence, substituted "Board of Economic Advisors and the Revenue and Fiscal Affairs Office" for "Office of The Board of Economic Advisors".
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 9 - State Finances Generally › Section 11-9-820. Duties of the office set forth in Subarticles.

The duties of the office are set forth in Subarticles 1 and 2.
HISTORY: 2018 Act No. 246 (H.3895), Section 2, eff July 1, 2018.
Editor's Note
Prior Laws: Former Section 11-9-820 was titled Board of Economic Advisors; membership and appointment; reporting; staffing, and had the following history: 1982 Act No. 466, Part II, Section 44; 1992 Act No. 501, Part II, Section 13A; 1993 Act No. 181, Section 89; 2002 Act No. 356, Section 1, Part IX.B; 2014 Act No. 121 (S.22), Pt VI, Section 8.B, eff July 1, 2014. See now, Code 1976 Section 11-9-1110.
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 9 - State Finances Generally › Section 11-9-825. Omitted.

HISTORY: Former Section, titled Supplemental staff to assist board; meetings, had the following history: 1992 Act No. 501, Part II, Section 13B; 1993 Act No. 181, Section 90; 2014 Act No. 121 (S.22), Pt VI, Section 8.C, eff July 1, 2014. Omitted by 2018 Act No. 246 (H.3895), Section 2, eff July 1, 2018. See now, Code 1976 Section 11-9-870.
Subarticle 1
Duties of the Office
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 9 - State Finances Generally › Section 11-9-830. Duties of Revenue and Fiscal Affairs Office.

In order to provide a more effective system of providing advice to the Governor and the General Assembly on economic trends, the Revenue and Fiscal Affairs Office shall:
(1) compile and maintain in a unified, concise, and orderly form information about total revenues and expenditures which involve the funding of state government operations, revenues received by the State which comprise general revenue sources of all receipts to include amounts borrowed, federal grants, earnings, and the various activities accounted for in other funds;
(2) continuously review and evaluate total revenues and expenditures to determine the extent to which they meet fiscal plan forecasts/projections;
(3) evaluate federal revenues in terms of impact on state programs;
(4) compile economic, social, and demographic data for use in the publishing of economic scenarios for incorporation into the development of the state budget;
(5) bring to the attention of the Governor and the General Assembly the effectiveness, or lack thereof, of the economic trends and the impact on statewide policies and priorities;
(6) establish liaison with the Congressional Budget Office and the Office of Management and Budget at the national level;
(7) compile and report to the General Assembly, not later than the first day of March each year, a list of each individual tax expenditure from the prior fiscal year and the estimated tax expenditure for the current fiscal year. The report must indicate the specific enactment and program which authorized the expenditure and apply to all tax expenditures in excess of one hundred thousand dollars.
HISTORY: 1982 Act No. 466, Part II, Section 44; 2014 Act No. 121 (S.22), Pt VI, Section 8.C, eff July 1, 2014; 2018 Act No. 246 (H.3895), Section 2, eff July 1, 2018; 2019 Act No. 83 (H.4243), Section 7, eff May 22, 2019.
Effect of Amendment
2014 Act No. 121, Section 8.C, in the first undesignated paragraph, substituted "Governor" for "Budget and Control Board"; in subsection (5), inserted "and the General Assembly"; and made other nonsubstantive changes.
2018 Act No. 246, Section 2, in the first undesignated paragraph, substituted "Revenue and Fiscal Affairs Office" for "Board of Economic Advisors".
2019 Act No. 83, Section 7, added (7), requiring the Revenue and Fiscal Affairs Office to annually submit tax expenditure reports to the General Assembly.
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 9 - State Finances Generally › Section 11-9-840. Revenue and Fiscal Affairs Office established.

(A) There is established the Revenue and Fiscal Affairs Office to be governed by the three appointed members of the Board of Economic Advisors pursuant to Section 11-9-1110. The three appointed members of the board shall unanimously select an Executive Director of the Revenue and Fiscal Affairs Office who shall serve a four-year term. The executive director only may be removed for malfeasance, misfeasance, incompetency, absenteeism, conflicts of interest, misconduct, persistent neglect of duty in office, or incapacity as found by the board. The executive director shall have the authority and perform the duties prescribed by law and as may be directed by the board. The functions of the office must be performed, exercised, and discharged under the supervision and direction of the board. The board may organize its staff as it considers appropriate to carry out the various duties, responsibilities, and authorities assigned to it without the requirement of establishing separate divisions. The board may delegate to one or more officers, agents, or employees the powers and duties it determines are necessary for the effective and efficient operation of the office.
(B) The Department of Administration shall provide such administrative support to the Revenue and Fiscal Affairs Office as they may request and require in the performance of their duties including, but not limited to, financial management, human resources management, information technology, procurement services, and logistical support.
HISTORY: 2014 Act No. 121 (S.22), Pt VI, Section 8.A, eff July 1, 2014. Formerly Code 1976 Section 11-9-1110, redesignated and amended by 2018 Act No. 246 (H.3895), Sections 1, 2, eff July 1, 2018.
Editor's Note
Prior Laws: Former Section 11-9-840 was titled Procedures relative to changes in revenue or expenditure forecast or projection; adjustments in appropriations or requests; meetings of board; board as official state voice on economic matters, and had the following history: 1982 Act No. 466, Part II, Section 44; 1992 Act No. 501, Part II, Section 13C. See now, Code 1976 Section 11-9-1120.
Effect of Amendment
2018 Act No. 246, Section 2, rewrote (A), and in (B), deleted "or any of its divisions or components" following "Revenue and Fiscal Affairs Office".
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 9 - State Finances Generally › Section 11-9-850. Revenue and Fiscal Affairs Office; Digital Cartography and Precinct Demographics section.

The Revenue and Fiscal Affairs Office must be comprised of a Digital Cartography and Precinct Demographics section, which shall report directly to the executive director. The Digital Cartography and Precinct Demographics section shall:
(1) review existing precinct boundaries and maps for accuracy and develop and rewrite descriptions of precincts for submission to the legislative process;
(2) consult with members of the General Assembly or their designees on matters related to precinct construction or discrepancies that may exist or occur in precinct boundary development in the counties they represent;
(3) develop a system for originating and maintaining precinct maps and related data for the State;
(4) represent the General Assembly at public meetings and meetings with other state, county, or local governmental entities on matters related to precincts;
(5) represent the office at public meetings, meetings with members of the General Assembly, and meetings with other state, county, or local governmental entities on matters related to precincts;
(6) assist the appropriate county officials in the drawing of maps and writing of descriptions or precincts preliminary to these maps and descriptions being filed in this office for submission to the United States Department of Justice;
(7) coordinate with the Census Bureau in the use of precinct boundaries in constructing census boundaries and the identification of effective uses of precinct and census information for planning purposes;
(8) serve as a focal point for verifying official precinct information for the counties of South Carolina; and
(9) consult with and provide assistance to the General Assembly on redistricting and reapportionment matters relating to any subdivision of the State.
HISTORY: 2014 Act No. 121 (S.22), Pt VI, Section 8.A, eff July 1, 2014. Formerly Code 1976 Section 11-9-1130, redesignated and amended by 2018 Act No. 246 (H.3895), Sections 1, 2, eff July 1, 2018.
Editor's Note
Prior Laws: Former Section 11-9-850 was titled Verification by State Treasurer of information relating to that office, and had the following history: 1982 Act No. 466, Part II, Section 44. See now, Code 1976 Section 11-9-880.
Effect of Amendment
2018 Act No. 246, Section 2, rewrote the section.
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 9 - State Finances Generally › Section 11-9-860. Assisting with development of annual general appropriations act.

The office shall assist the General Assembly with the development of the annual general appropriations act.
HISTORY: 2014 Act No. 121 (S.22), Pt VI, Section 8.A, eff July 1, 2014. Formerly Code 1976 Section 11-9-1140, redesignated and amended by 2018 Act No. 246 (H.3895), Sections 1, 2, eff July 1, 2018.
Editor's Note
Prior Laws: Former Section 11-9-860 was titled Verification by Comptroller General of expenditure schedules used with economic announcements, and had the following history: 1982 Act No. 466, Part II, Section 44. See now, Code 1976 Section 11-9-890.
Effect of Amendment
2018 Act No. 246, Section 2, rewrote the section.
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 9 - State Finances Generally › Section 11-9-870. Supplemental staff to assist board; meetings.

The staff of the office must be supplemented by the following officials who each shall designate one professional from their individual staffs to assist the RFA staff on a regular basis: the Governor, the Chairman of the House Ways and Means Committee, the Chairman of the Senate Finance Committee, and the State Department of Revenue director. The RFA staff shall meet monthly with these designees in order to solicit their input on BEA forecasts and monthly revenue analysis.
HISTORY: 1992 Act No. 501, Part II, Section 13B; 1993 Act No. 181, Section 90; 2014 Act No. 121 (S.22), Pt VI, Section 8.C, eff July 1, 2014. Formerly Code 1976 Section 11-9-825, redesignated and amended by 2018 Act No. 246 (H.3895), Sections 1, 2, eff July 1, 2018.
Editor's Note
Prior Laws: Former Section 11-9-870 was titled State Fiscal Accountability Authority to insure orderly transfer of funds between offices, and had the following history: 1982 Act No. 466, Part II, Section 44. See now, Code 1976 Section 11-9-895.
Effect of Amendment
2014 Act No. 121, Section 8.C, substituted "and the State Department of Revenue director" for "the State Department of Revenue Chairman, and the Director of the Budget Division of the Budget and Control Board".
2018 Act No. 246, Section 2, in the first sentence, substituted "office" for "Board of Economic Advisors" following "The staff of", substituted "RFA" for "BEA" in two places, and inserted "on BEA forecasts and monthly revenue analysis" at the end of the second sentence.
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 9 - State Finances Generally › Section 11-9-880. Verification by State Treasurer of information relating to that office.

Information contained in any economic report, scenario, forecast, or projection relating to the State Treasurer's office must be verified by the State Treasurer before announcement.
HISTORY: 1982 Act No. 466, Part II, Section 44. Formerly Code 1976 Section 11-9-850, redesignated and amended by 2018 Act No. 246 (H.3895), Sections 1, 2, eff July 1, 2018.
Editor's Note
Prior Laws: Former Section 11-9-880 was titled Board of Economic Advisors to make forecasts of economic conditions; adjustments to forecasts; review of revenues; synopsis of revenue shortfalls; publication of reports, and had the following history: 1983 Act No. 151, Part II, Section 57; 1992 Act No. 501, Part II, Section 13D; 2014 Act No. 121 (S.22), Pt VI, Section 8.D, eff July 1, 2014; 2016 Act No. 199 (S.267), Section 2, eff June 3, 2016. See now, Code 1976 Section 11-9-1130.
Effect of Amendment
2018 Act No. 246, Section 2, substituted "before" for "prior to" following "verified by the State Treasurer".
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 9 - State Finances Generally › Section 11-9-890. Verification by Comptroller General of expenditure schedules used with economic announcements.

Expenditure schedules used in conjunction with any economic announcements must be verified by the Comptroller General before publication.
HISTORY: 1982 Act No. 466, Part II, Section 44. Formerly Code 1976 Section 11-9-860, redesignated and amended by 2018 Act No. 246 (H.3895), Sections 1, 2, eff July 1, 2018.
Editor's Note
Prior Laws: Former Section 11-9-890 was titled Delineation of fiscal year revenue estimates by quarters; reduction of general fund appropriations; action to avoid year-end deficit, and had the following history: 1986 Act No. 540, Part II, Section 46; 2010 Act No. 152, Section 3, eff May 6, 2010; 2014 Act No. 121 (S.22), Pt VI, Section 9, eff July 1, 2015. See now, Code 1976 Section 11-9-1140.
Effect of Amendment
2018 Act No. 246, Section 2, substituted "before" for "prior to" following "verified by the Comptroller General".
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 9 - State Finances Generally › Section 11-9-895. Transfer of funds for execution of subarticle.

The State Fiscal Accountability Authority shall insure an orderly transfer of funds between offices to provide for the execution of this subarticle.
HISTORY: 1982 Act No. 466, Part II, Section 44. Formerly Code 1976 Section 11-9-870, redesignated and amended by 2018 Act No. 246 (H.3895), Sections 1, 2, eff July 1, 2018.
Code Commissioner's Note
At the direction of the Code Commissioner, references in this section to the offices of the former State Budget and Control Board, Office of the Governor, or other agencies, were changed to reflect the transfer of them to the Department of Administration or other entities, pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, Section 5(D)(1), effective July 1, 2015.
Subarticle 2
Projecting and Forecasting State Revenues and Expenditures
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 9 - State Finances Generally › Section 11-9-1120. Procedures relative to changes in revenue or expenditure forecast or projection; adjustments in appropriations or requests; meetings of board; board as official state voice on economic matters.

(A) In the organizational and procedural framework governing the formulation, evaluation, and continuing review of revenues and expenditures, any appropriate governmental entity identifying or requesting a change in the official revenue and expenditure forecast or projection, for a specified period of time, shall first notify the office of the Chairman of the Board of Economic Advisors who must bring it to the attention of the Governor before any independent adjustment in the appropriations or requests of the revenue or expenditures for a particular year. The Ways and Means Committee in the House of Representatives and the Senate Finance Committee must be the first to be notified subsequent to notifying the Governor and must be informed simultaneously.
(B) The Board of Economic Advisors shall meet on a quarterly basis and at the call of the Governor, the General Assembly, the chairman of the board, or at the request of any member of the board who believes a meeting is necessary due to existing financial circumstances.
(C) The Board of Economic Advisors is the official voice of the State in economic matters and shall speak as one voice through the guidance and direction of the chairman. Individual members shall not speak or report individually on findings and status of economic activity.
HISTORY: 1982 Act No. 466, Part II, Section 44; 1992 Act No. 501, Part II, Section 13C. Formerly Code 1976 Section 11-9-840, redesignated and amended by 2018 Act No. 246 (H.3895), Sections 1, 2, eff July 1, 2018.
Editor's Note
Prior Laws: Former Section 11-9-1120 was titled Board of Economic Advisors division, and had the following history: 2014 Act No. 121 (S.22), Pt VI, Section 8.A, eff July 1, 2014.
Effect of Amendment
2018 Act No. 246, Section 2, inserted the paragraph designators; in (B), substituted "chairman" for "Chairman" and "board" for "Board"; and in (C), in the second sentence, substituted "economic activity" for "economic developments".
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 11 - State Budget System › Section 11-11-10. Duties of Executive Budget Office and Revenue and Fiscal Affairs Office, and Department of Revenue.

The Executive Budget Office and Revenue and Fiscal Affairs Office shall employ competent budget assistants and such special help as it may require to carry out the provisions of this chapter. It shall fix the compensation of such persons as it shall employ in this connection and cause such compensation, together with their necessary traveling expenses, to be paid out of the civil contingent fund. It shall call upon the State Department of Revenue for any information desired, and the State Department of Revenue shall furnish such information and shall be present at all hearings before the committees having charge of the appropriations in the Senate and House.
HISTORY: 1962 Code Section 1-721; 1952 Code Section 1-721; 1942 Code Section 3222; 1932 Code Section 3222; Civ. C. '22 Section 918; 1919 (31) 187; 1950 (46) 3605; 1993 Act No. 181, Section 91.
Code Commissioner's Note
At the direction of the Code Commissioner, references in this section to the offices of the former State Budget and Control Board, Office of the Governor, or other agencies, were changed to reflect the transfer of them to the Department of Administration or other entities, pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, Section 5(D)(1).
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 11 - State Budget System › Section 11-11-15. Budget functions devolved on Governor; Budget Office to assist.

The functions of the State Budget and Control Board in the preparation and submission to the General Assembly of the recommended state budget are devolved upon the Governor. Wherever the phrase "State Budget and Control Board" appears in the context of preparing and submitting budget recommendations to the General Assembly, it means the Governor. In preparing the recommended state budget, the Governor may consult with the State Treasurer, the Comptroller General, or other state officials as needed. The Executive Budget Office shall assist the Governor in preparing the budget recommendations, but this function of the Executive Budget Office may not be construed as altering the overall management and administration of the Executive Budget Office.
HISTORY: 1993 Act No. 132, Section 1.
Code Commissioner's Note
At the direction of the Code Commissioner, references in this section to the offices of the former State Budget and Control Board, Office of the Governor, or other agencies, were changed to reflect the transfer of them to the Department of Administration or other entities, pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, Section 5(D)(1).
Editor's Note
1993 Act No. 132, Section 2, provides as follows:
"This act takes effect July 1, 1993, and first applies for the budget recommendation for fiscal year 1994-95."
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 11 - State Budget System › Section 11-11-20. Information to be secured by Governor.

On or before the first day of November in each year the Governor and his assistants shall complete a careful survey of all the departments, bureaus, divisions, officers, boards, commissions, institutions and other agencies and undertakings of the State, through which it shall be in possession of the working knowledge upon which to base his recommendations to the General Assembly.
HISTORY: 1962 Code Section 1-722; 1952 Code Section 1-722; 1942 Code Section 3218; 1932 Code Section 3218; Civ. C. '22 Section 914; 1919 (31) 187; 1950 (46) 3605.
Code Commissioner's Note
At the direction of the Code Commissioner, references in this section to the offices of the former State Budget and Control Board, Office of the Governor, or other agencies, were changed to reflect the transfer of them to the Department of Administration or other entities, pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, Section 5(D)(1).
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 11 - State Budget System › Section 11-11-30. Annual estimates.

On or before the first day of November, annually, each of the several state departments, bureaus, divisions, officers, commissions, institutions and other agencies and undertakings receiving or asking financial aid from the State shall report to the Governor, on official estimate blanks furnished for such purpose, an estimate in itemized form showing the amount needed for the year beginning with the first day of July thereafter. The official estimate blanks which must be used in making these reports shall be furnished by the board, shall be uniform and shall clearly designate the kind of information to be given thereon.
HISTORY: 1962 Code Section 1-723; 1952 Code Section 1-723; 1942 Code Section 3213; 1932 Code Section 3213; Civ. C. '22 Section 909; 1919 (31) 187; 1933 (38) 218; 1950 (46) 3605.
Code Commissioner's Note
At the direction of the Code Commissioner, references in this section to the offices of the former State Budget and Control Board, Office of the Governor, or other agencies, were changed to reflect the transfer of them to the Department of Administration or other entities, pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, Section 5(D)(1).
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 11 - State Budget System › Section 11-11-40. Annual statements from Comptroller General.

On or before the first day of each November the Comptroller General shall furnish to the Governor the following statements, classified and itemized in strict accordance with the budget classifications adopted by the Governor:
(1) A statement showing the balance standing to the credit of the several appropriations for each department, bureau, division, officer, board, commission, institution or other agency or undertaking of the State at the end of the last preceding appropriation year;
(2) A statement showing the monthly expenditures and revenues from each appropriation account and the total monthly expenditures and revenues from all the appropriation accounts, including special and other appropriations, in the twelve months of the last preceding appropriation year;
(3) A statement showing the annual expenditures in each appropriation account and the revenues from all sources, including expenditures and revenues from special and other appropriations, for each of the last two appropriation years, with a separate column showing the increase or decrease for each item;
(4) An itemized and complete financial balance sheet for the State at the close of the last preceding fiscal year ending June thirtieth; and
(5) Such other statements as the board shall request.
HISTORY: 1962 Code Section 1-724; 1952 Code Section 1-724; 1942 Code Section 3215; 1932 Code Section 3215; Civ. C. '22 Section 911; 1919 (31) 187; 1933 (38) 218; 1950 (46) 3605.
Code Commissioner's Note
At the direction of the Code Commissioner, references in this section to the offices of the former State Budget and Control Board, Office of the Governor, or other agencies, were changed to reflect the transfer of them to the Department of Administration or other entities, pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, Section 5(D)(1).
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 11 - State Budget System › Section 11-11-50. Comptroller General shall furnish annual estimate of needs of State.

On or before the first day of December, annually, the Comptroller General shall furnish to the Governor an estimate of the financial needs of the State, itemized in strict accordance with the budget classifications adopted by the Governor and certified and approved by the presiding officer of each House for each year beginning with the first day of July thereafter; and he shall also furnish an estimate of the financial needs of the judiciary, as provided by law, itemized in strict accordance with the budget classification adopted by the Governor, for each year, beginning with the first day of July thereafter. The Comptroller General shall transmit to the Governor with these estimates full and detailed explanations of all increases or decreases. These estimates together with the accompanying explanations of increases and decreases shall be included in the budget by the Governor without revisions, but with its recommendations thereon.
HISTORY: 1962 Code Section 1-725; 1952 Code Section 1-725; 1942 Code Section 3214; 1932 Code Section 3214; Civ. C. '22 Section 910; 1919 (31) 187; 1933 (38) 218; 1950 (46) 3605.
Code Commissioner's Note
At the direction of the Code Commissioner, references in this section to the offices of the former State Budget and Control Board, Office of the Governor, or other agencies, were changed to reflect the transfer of them to the Department of Administration or other entities, pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, Section 5(D)(1).
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 11 - State Budget System › Section 11-11-70. Budgets submitted to General Assembly.

(A) Within five days after the beginning of each regular session of the General Assembly the Governor shall submit to the presiding officer of each house printed copies of a budget, based on his own conclusions and judgments, containing a complete and itemized plan of all proposed expenditures for each state department, bureau, division, officer, board, commission, institution, or other agency or undertaking, classified by functions, character, and object, and of estimated revenues and borrowings for each year, beginning with the first day of the next fiscal year. Opposite each item of the proposed expenditures the budget must show in separate parallel columns the amount appropriated for the last preceding appropriation year, for the current appropriation year and the increase or decrease.
(B) The budget which is submitted by the board to the presiding officer of each house must conform to the funding requirements contained in Section 36, Article III of the Constitution of this State.
HISTORY: 1962 Code Section 1-727; 1952 Code Section 1-727; 1942 Code Section 3219; 1932 Code Section 3219; Civ. C. '22 Section 915; 1919 (31) 187; 1933 (38) 218; 1950 (46) 3605; 1988 Act No. 385, Section 2.
Code Commissioner's Note
At the direction of the Code Commissioner, references in this section to the offices of the former State Budget and Control Board, Office of the Governor, or other agencies, were changed to reflect the transfer of them to the Department of Administration or other entities, pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, Section 5(D)(1).
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 11 - State Budget System › Section 11-11-80. Statements, balance sheet, and general survey to accompany budget.

The Governor shall accompany the budget with:
(1) A statement of the revenues and expenditures for each of the two appropriation years next preceding, classified and itemized in accordance with the official budget classification adopted by the board;
(2) A statement of the current assets, liabilities, revenues and surplus or deficit of the State;
(3) A statement of the debts and funds of the State;
(4) A statement showing the board's itemized estimates of the condition of the State Treasury as of the beginning and end of each year;
(5) An itemized and complete financial balance sheet for the State at the close of the last preceding fiscal year ending June thirtieth; and
(6) A general survey of the State's financial and natural resources, with a review of the general economic, industrial and commercial condition of the State.
HISTORY: 1962 Code Section 1-728; 1952 Code Section 1-728; 1942 Code Section 3219; 1932 Code Section 3219; Civ. C. '22 Section 915; 1919 (31) 187; 1933 (38) 218; 1950 (46) 3605.
Code Commissioner's Note
At the direction of the Code Commissioner, references in this section to the offices of the former State Budget and Control Board, Office of the Governor, or other agencies, were changed to reflect the transfer of them to the Department of Administration or other entities, pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, Section 5(D)(1).
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 11 - State Budget System › Section 11-11-90. Repealed.

HISTORY: Former Section, titled Joint open meetings of appropriation committees, had the following history: 1962 Code Section 1-729; 1952 Code Section 1-729; 1942 Code Section 3220; 1932 Code Section 3220; Civ. C. '22 Section 916; 1919 (31) 187; 1950 (46) 3605. Repealed by 2021 Act No. 74, Section 1, eff May 17, 2021.
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 11 - State Budget System › Section 11-11-100. General Assembly may amend budget bill.

The General Assembly may increase or decrease items in the budget bill as it may deem to be in the interest of greater economy and efficiency in the public service.
HISTORY: 1962 Code Section 1-730; 1952 Code Section 1-730; 1942 Code Section 3221; 1932 Code Section 3221; Civ. C. '22 Section 917; 1919 (31) 187.
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 11 - State Budget System › Section 11-11-110. Expenses of certain committee chairmen of the General Assembly.

The Chairman of the Ways and Means Committee of the House of Representatives and the Chairman of the Finance Committee of the Senate shall receive, in addition to their per diem, their actual traveling expenses, to be audited and approved by the Comptroller General.
HISTORY: 1962 Code Section 1-731; 1952 Code Section 1-731; 1942 Code Section 3217; 1932 Code Section 3217; Civ. C. '22 Section 913; 1919 (31) 187; 1951 (47) 506.
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 11 - State Budget System › Section 11-11-140. Limits on appropriation of surplus general fund revenues; revenue derived from change in accounting method.

(A)(1) In the Governor's annual budget recommendation to the General Assembly, no recommendation may be made for the appropriation of surplus general fund revenues in excess of amounts officially recognized as such by the Board of Economic Advisors.
(2) In any bill or joint resolution appropriating general fund revenues, no surplus general fund revenue may be appropriated in excess of amounts officially recognized as such by the Board of Economic Advisors.
(B) In making the annual budget recommendation to the General Assembly, the Governor shall not incorporate or realize any revenue derived on the basis of any future change in a method of accounting, as determined by the Revenue and Fiscal Affairs Office, unless the change in a method of accounting is based on statutory authority specifically granted to the Revenue and Fiscal Affairs Office or a statutory enactment changing the method of accounting.
HISTORY: 1993 Act No. 162, Section 1; 1994 Act No. 497, Part II, Section 7A; 1995 Act No. 142, Section 1; 1997 Act No. 155, Part II, Section 13A.
Code Commissioner's Note
At the direction of the Code Commissioner, references in this section to the offices of the former State Budget and Control Board, Office of the Governor, or other agencies, were changed to reflect the transfer of them to the Department of Administration or other entities, pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, Section 5(D)(1).
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 11 - State Budget System › Section 11-11-150. Estimated income tax revenues; deductions in calculations; Trust Fund for Tax Relief; appropriation of funds.

(A) In calculating estimated state individual and corporate income tax revenues for a fiscal year the Board of Economic Advisors shall deduct amounts sufficient to pay the reimbursement required pursuant to:
(1) Reserved;
(2) Section 12-37-270 for the homestead exemption for persons over age sixty-five or disabled, but not including the portion attributable to school operating millage;
(3) Section 12-37-935(B) for manufacturer's additional depreciation;
(4) Section 12-37-450 for the inventory tax exemption; and
(5) Section 4-10-540(A) for the reimbursement provided for personal property taxes not collected on private passenger motor vehicles, motorcycles, general aviation aircraft, boats, and boat motors.
(B) There is established in the State Treasury the Trust Fund for Tax Relief (Trust Fund) which must be maintained separately from the general fund of the State and all other funds. The amounts deducted from state income tax revenues pursuant to subsection (A) are automatically credited to the Trust Fund for the applicable fiscal year. The Board of Economic Advisors shall account for the Trust Fund revenue separately from general fund revenues in reports to the Governor and the General Assembly.
(C) The tax as collected must be apportioned to the Trust Fund and to the General Fund in proportion to the reimbursement estimates of the Board of Economic Advisors, as required in subsection (A).
(D) An unexpended balance in the Trust Fund at the end of a fiscal year must remain in the Trust Fund.
(E) The provisions of this section must not be construed as affecting funding levels for public education.
(F) Earnings on the Trust Fund must be credited to the general fund of the State.
(G)(1) Nothing in this section prohibits appropriations by the General Assembly of additional revenues to the Trust Fund.
(2) Regardless of amounts transferred or appropriated to the Trust Fund for a fiscal year, there is appropriated to the Trust Fund from the general fund of the State any additional amounts necessary to pay the reimbursements due from the Trust Fund.
HISTORY: 1998 Act No. 419, Part II, Section 29A; 2000 Act No. 387, Part II, Section 99B; 2006 Act No. 388, Part I, Section 4.A.
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 11 - State Budget System › Section 11-11-155. Homestead Exemption Fund established.

(A) The revenue from the tax imposed pursuant to Article 11, Chapter 36, Title 12 is automatically credited to a fund separate and distinct from the state general fund known as the "Homestead Exemption Fund". The Board of Economic Advisors shall account for the Homestead Exemption Fund revenue separately from general fund revenues, and the board shall make an annual estimate of the receipts by the Homestead Exemption Fund by February fifteenth of each year. This estimate shall be transmitted to the State Treasurer, Comptroller General, the Chairmen of the House Ways and Means Committee and the Senate Finance Committee, and to each school district and county. No portion of these revenues may be credited to the Education Improvement Act (EIA) Fund.
(B) An amount equal to the total reimbursements paid pursuant to the provisions of Section 12-37-251 and the school operating millage portion of the reimbursements paid pursuant to Section 12-37-270 in fiscal year 2006-2007 also must be credited to the Homestead Exemption Fund. Revenue deposited in the Homestead Exemption Fund each year in an amount equal to the total reimbursements paid pursuant to the provisions of Section 12-37-251, the school operating portion of the reimbursement paid pursuant to Section 12-37-270 in fiscal year 2006-2007 shall be used together with the revenues from the additional sales and use tax imposed pursuant to Section 12-36-1110 to provide reimbursements to school districts in the manner required by law.
(C) Subject to the provisions of Section 11-11-156(C), an unexpended balance in the Homestead Exemption Fund at the end of a fiscal year must remain in the Homestead Exemption Fund.
(D) Earnings on the Homestead Exemption Fund must be credited to the Homestead Exemption Fund.
(E) Nothing in this section prohibits appropriations by the General Assembly of additional revenues to the Homestead Exemption Fund and nothing in this section prevents the General Assembly from directing the use of these additional appropriations for specified purposes including a rollback of county operating millage on owner-occupied residential property.
(F) Revenues credited to this fund must be used as provided pursuant to Section 11-11-156.
HISTORY: 2006 Act No. 388, Part I, Section 2; 2007 Act No. 57, Section 4.
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 11 - State Budget System › Section 11-11-157. Reallocation of local option sales tax.

Beginning June 1, 2007, funds derived from a one percent local option sales tax imposed in a county which are used to reduce ad valorem property taxes imposed on owner-occupied residential property for school operating purposes must be thereafter applied on a pro rata basis to reduce ad valorem property taxes levied for other purposes as the county governing body shall provide.
HISTORY: 2006 Act No. 388, Part II, Section 3(B).
2023 South Carolina Code of Laws › Title 11 - Public Finance › Chapter 11 - State Budget System › Section 11-11-160. Transfers of appropriations; reduction of authorized spending when receipts less than estimated.

The General Assembly shall appropriate all state funds and authorize or appropriate, or both, the use of all federal and other funds for the operations of state agencies and institutions for the current fiscal year. Transfers of these appropriations or authorizations may be approved by the State Fiscal Accountability Authority under its authority or by the agency as provided in the annual general appropriations act. An agency which requests or transfers personal service funds must indicate on the transfer document whether or not a reduction in force is involved. To the extent practicable, all agencies and institutions having federal or other funds available for the financing of their operation shall expend these funds in accordance with the provisions of the annual general appropriations act. The authorization to spend federal and other funds must be decreased to the extent that receipts from these sources do not meet the estimates as reflected in each section of the annual general appropriations act and any increase must be authorized through the review process as provided in Chapter 65 of Title 2.
HISTORY: 2002 Act No. 356, Section 1, Part XI.A.
Code Commissioner's Note
At the direction of the Code Commissioner, references in this section to the offices of the former State Budget and Control Board, Office of the Governor, or other agencies, were changed to reflect the transfer of them to the Department of Administration or other entities, pursuant to the directive of the South Carolina Restructuring Act, 2014 Act No. 121, Section 5(D)(1), effective July 1, 2015.