South Carolina Code of Laws
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".

Structure South Carolina Code of Laws

South Carolina Code of Laws

Title 11 - Public Finance

Chapter 9 - State Finances Generally

Section 11-9-10. Money to be spent only for purpose or activity specifically appropriated.

Section 11-9-15. Use of state funds for function at club practicing discrimination prohibited.

Section 11-9-20. Disbursing officers exceeding or transferring appropriations.

Section 11-9-30. Transfer of funds upon transfer of personnel.

Section 11-9-40. Statement to General Assembly.

Section 11-9-50. Accounts to be itemized and verified.

Section 11-9-70. Neglect or failure to remit funds.

Section 11-9-75. State funds to be withheld from counties or municipalities delinquent in payments due to State or its agencies.

Section 11-9-80. Fiscal year starts July 1 and ends June 30.

Section 11-9-85. Tax and fee revenues to be calculated on accrual basis.

Section 11-9-90. Sale of state general obligation bonds of different issues as though they constituted a single issue.

Section 11-9-95. Transfer of agency funds to pay debts prior to closing books for fiscal year.

Section 11-9-105. Contracts for legal or consultant services.

Section 11-9-110. Organization to which contribution is appropriated to submit statement to Executive Budget Office and the Revenue and Fiscal Affairs Office as to nature and function of organization and use of contribution.

Section 11-9-115. Certain purchases made by State not subject to fair trade contracts.

Section 11-9-125. Order of expenditure of funds by state agencies; remittance of certain funds to state general fund.

Section 11-9-130. Funds for capital improvement projects not on state-owned property.

Section 11-9-140. Transfer of capital improvement bond balances to Bond Contingency Revolving Fund; exemptions; determination and review.

Section 11-9-210. Certificates of indebtedness and certain checks cannot be issued by state officers.

Section 11-9-220. Debt in excess of appropriation prohibited.

Section 11-9-230 to 11-9-270. Repealed.

Section 11-9-280. Borrowing to pay operating expenses of the State.

Section 11-9-290. Borrowing to maintain balance in general deposit account.

Section 11-9-300. Borrowing to maintain general fund; required cash balance.

Section 11-9-310. Issuance of bonds, notes, certificates of indebtedness, or other obligations in small denominations.

Section 11-9-320. Certain payment obligations may be sold to the best advantage of the State.

Section 11-9-330. Expenses of issuance of small denomination notes or other obligations.

Section 11-9-340. Statement of bonded indebtedness in Comptroller General's report.

Section 11-9-360. Governing body issuing bonds to determine interest rate on bonds.

Section 11-9-370. State agency to remit revenue for payments on general obligation bonds to State Treasurer.

Section 11-9-610. State Fiscal Accountability Authority to manage Sinking Fund; annual report.

Section 11-9-620. Handling of funds.

Section 11-9-630. Sale of property not in actual public use.

Section 11-9-640. Vacant lands grantable only for value.

Section 11-9-650. Payment of purchase price; disposition.

Section 11-9-660. Investment of funds.

Section 11-9-665. Purchase of real property as investments of certain reserve or sinking funds.

Section 11-9-670. Control of securities in which Sinking Fund is invested.

Section 11-9-680. Annual report.

Section 11-9-805. Definitions.

Section 11-9-810. Findings and purpose.

Section 11-9-820. Duties of the office set forth in Subarticles.

Section 11-9-825. Omitted.

Section 11-9-830. Duties of Revenue and Fiscal Affairs Office.

Section 11-9-840. Revenue and Fiscal Affairs Office established.

Section 11-9-850. Revenue and Fiscal Affairs Office; Digital Cartography and Precinct Demographics section.

Section 11-9-860. Assisting with development of annual general appropriations act.

Section 11-9-870. Supplemental staff to assist board; meetings.

Section 11-9-880. Verification by State Treasurer of information relating to that office.

Section 11-9-890. Verification by Comptroller General of expenditure schedules used with economic announcements.

Section 11-9-895. Transfer of funds for execution of subarticle.

Section 11-9-1110. Board of Economic Advisors; membership and appointment; reporting; staffing.

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.

Section 11-9-1130. Board of Economic Advisors to make forecasts of economic conditions; adjustments to forecasts; review of revenues; synopsis of revenue shortfalls; publication of reports.

Section 11-9-1140. Quarterly revenue estimates; reduction of general appropriations; action to avoid year-end deficit.