South Carolina Code of Laws
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).

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Structure South Carolina Code of Laws

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.

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 11-11-90. Repealed.

Section 11-11-100. General Assembly may amend budget bill.

Section 11-11-110. Expenses of certain committee chairmen of the General Assembly.

Section 11-11-140. Limits on appropriation of surplus general fund revenues; revenue derived from change in accounting method.

Section 11-11-150. Estimated income tax revenues; deductions in calculations; Trust Fund for Tax Relief; appropriation of funds.

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 11-11-160. Transfers of appropriations; reduction of authorized spending when receipts less than estimated.

Section 11-11-170. Use of revenues payable pursuant to Master Settlement Agreement.

Section 11-11-180. Declaration of operating deficit; meeting to address deficit; borrowing of surpluses authorized.

Section 11-11-190. Transfer of funds to offset deficits.

Section 11-11-220. Contingency Reserve Fund established.

Section 11-11-230. Creation of Smoking Prevention and Cessation Trust Fund and South Carolina Medicaid Reserve Fund.

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 11-11-340. State Institution Bonds and State Highway Bonds Debt Service Fund; credit of funds.

Section 11-11-345. Suspension of appropriations; negative GAAP Fund balance defined.

Section 11-11-350. Estimates of planned general fund expenditures.

Section 11-11-410. Appropriations subject to spending limitation; financial emergency; surplus funds.

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.