Whenever a bill or resolution is introduced in the General Assembly requiring the expenditure of funds, the principal author shall affix a statement of estimated fiscal impact and cost of the proposed legislation. Before reporting the bill out of committee, if the amount is substantially different from the original estimate, the committee shall attach a statement of estimated fiscal impact to the bill signed by the Executive Director of the Revenue and Fiscal Affairs Office or his designee. As used in this section, "statement of estimated fiscal impact" means the opinion of the person executing the statement as to the dollar cost to the State for the first year and the annual cost thereafter.
HISTORY: 1978 Act No. 644, Part II, Section 39; 1988 Act No. 658, Part II, Section 49; 2014 Act No. 121 (S.22), Pt VI, Section 8.E, eff July 1, 2014.
Effect of Amendment
2014 Act No. 121, Section 8.E, substituted "Executive Director of the Revenue and Fiscal Affairs Office" for "Director of the State Budget Division of the State Budget and Control Board".
Structure South Carolina Code of Laws
Chapter 7 - Legislative Enactments
Section 2-7-10. Effective date of legislative enactments.
Section 2-7-20. Effect of repeal of legislative enactment.
Section 2-7-30. Construction of words.
Section 2-7-35. Handicapped person defined.
Section 2-7-50. Amendments, additions and repeals may be made by reference to this Code.
Section 2-7-60. Annual general appropriations act.
Section 2-7-70. Itemization of appropriation bills.
Section 2-7-71. Tax bills; requirement of estimated revenue impact statement.
Section 2-7-74. Statement of estimated fiscal impacts of criminal offense changes.
Section 2-7-80. Printing and distribution of acts; copies.
Section 2-7-90. Use of certified mail satisfies requirement for registered mail.
Section 2-7-105. Authorization for state capital improvement bonds.
Section 2-7-115. Appropriations for debt service in general appropriations act; additional bonds.
Section 2-7-125. Recorded roll call vote defined; when required.
Section 2-7-210. Clerk shall correct typographical and clerical errors in legislative enactments.
Section 2-7-220. Procedure for making corrections.
Section 2-7-230. Doubtful matters shall not be corrected.
Section 2-7-240. No correction shall be made after fifteen days.
Section 2-7-410. Petition and draft of bill for legislation for private purposes.
Section 2-7-420. Statement of reasons for legislative charter.
Section 2-7-430. Application for charter or incorporation of transportation company.
Section 2-7-440. Statement of merits effect on others and notice.