(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).
Structure South Carolina Code of Laws
Chapter 11 - State Budget System
Section 11-11-15. Budget functions devolved on Governor; Budget Office to assist.
Section 11-11-20. Information to be secured by Governor.
Section 11-11-30. Annual estimates.
Section 11-11-40. Annual statements from Comptroller General.
Section 11-11-50. Comptroller General shall furnish annual estimate of needs of State.
Section 11-11-70. Budgets submitted to General Assembly.
Section 11-11-80. Statements, balance sheet, and general survey to accompany budget.
Section 11-11-100. General Assembly may amend budget bill.
Section 11-11-110. Expenses of certain committee chairmen of the General Assembly.
Section 11-11-155. Homestead Exemption Fund established.
Section 11-11-156. Reimbursement of school districts from Homestead Exemption Fund.
Section 11-11-157. Reallocation of local option sales tax.
Section 11-11-170. Use of revenues payable pursuant to Master Settlement Agreement.
Section 11-11-190. Transfer of funds to offset deficits.
Section 11-11-220. Contingency Reserve Fund established.
Section 11-11-240. Safety Maintenance Account.
Section 11-11-310. General Reserve Fund; deficit.
Section 11-11-310. General Reserve Fund; deficit.
Section 11-11-320. Capital Reserve Fund.
Section 11-11-320. Capital Reserve Fund.
Section 11-11-325. Repealed by 2010 Act No. 152, Section 2.B., eff May 8, 2012.
Section 11-11-325. Capital Reserve Fund must be reduced prior to midyear budget reductions.
Section 11-11-330. Trust Fund for Tax Relief; use of funds.
Section 11-11-335. Availability of funds and revenues.
Section 11-11-345. Suspension of appropriations; negative GAAP Fund balance defined.
Section 11-11-350. Estimates of planned general fund expenditures.
Section 11-11-420. Limitation on permanent state positions; emergency suspension.
Section 11-11-430. State bonds.
Section 11-11-440. Limitation on tax increases and new taxes.