Fabio
135 lines
8.7 KiB
Markdown
135 lines
8.7 KiB
Markdown
---
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type: "Bill"
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title: "General Reserve Fund and Capital Reserve Fund"
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description: "AN ACT TO AMEND SECTION 11-11-310, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE STATUTORY GENERAL RESERVE FUND, SO AS TO PROVIDE THAT THE GENERAL RESERVE FUND OF FIVE PERCENT OF GENERAL FUND REVENUE OF THE LATEST COMPLETED FISCAL YEAR MUST BE INCREASED EACH YEAR BY ONE-HALF OF ONE PERCENT OF GENERAL FUND REVENUE OF THE LATEST COMPLETED FISCAL YEAR UNTIL IT EQUALS SEVEN PERCENT OF SUCH REVENUES; TO AMEND SECTION 11-11-320, RELATING TO THE STATUTORY CAPITAL RESERVE FUND OF TWO PERCENT OF GENERAL FUND REVENUE OF THE LATEST COMPLETED FISCAL YEAR, SO AS TO INCREASE IT TO THREE PERCENT OF GENERAL FUND REVENUE OF THE LATEST COMPLETED FISCAL YEAR AND TO PROVIDE THAT THE FIRST USE OF THE CAPITAL RESERVE FUND MUST BE TO OFFSET MIDYEAR BUDGET REDUCTIONS; BY ADDING SECTION 11-11-325 SO AS TO REQUIRE THE CAPITAL RESERVE FUND BE REDUCED BEFORE MIDYEAR BUDGET REDUCTIONS ARE MADE; TO AMEND SECTION 11-9-1140, RELATING TO THE REDUCTION OF GENERAL FUND APPROPRIATIONS, SO AS TO MAKE A CONFORMING CHANGE; AND TO PROVIDE THAT THE ABOVE PROVISIONS TAKE EFFECT UPON RATIFICATION OF AMENDMENTS TO SECTION 36, ARTICLE III OF THE CONSTITUTION OF THIS STATE PROVIDING FOR THE ABOVE. - ratified title"
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jurisdiction: "us/states/sc"
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legislature: "South Carolina General Assembly"
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session: "2021-2022"
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identifier: "H 3346"
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citation: "South Carolina H 3346 (2021-2022)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["B. Newton", "Bradley", "Calhoon", "Carter", "Caskey", "Daning", "Erickson", "Forrest", "Fry", "G.M. Smith", "Gagnon", "Haddon", "Hixon", "Hyde", "Ligon", "Long", "McGarry", "Thayer", "W. Cox", "Weeks", "West", "White"]
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version_count: 10
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action_count: 44
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vote_count: 5
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first_action: "2020-12-09"
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last_action: "2022-06-28"
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source: "openstates"
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source_identifier: "ocd-bill/ef8d6e70-3cb7-46cd-8a85-934ffebccd6e"
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source_url: "https://www.scstatehouse.gov/billsearch.php?billnumbers=3346&session=124&summary=B"
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source_hash: "9ee013b0bd0436d4bfa4f6d169f24077b6ad658a9c07842fd08a2e0ed10553d5"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-sc"]
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---
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# South Carolina H 3346 (2021-2022) — General Reserve Fund and Capital Reserve Fund
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AN ACT TO AMEND SECTION 11-11-310, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO THE STATUTORY GENERAL RESERVE FUND, SO AS TO PROVIDE THAT THE GENERAL RESERVE FUND OF FIVE PERCENT OF GENERAL FUND REVENUE OF THE LATEST COMPLETED FISCAL YEAR MUST BE INCREASED EACH YEAR BY ONE-HALF OF ONE PERCENT OF GENERAL FUND REVENUE OF THE LATEST COMPLETED FISCAL YEAR UNTIL IT EQUALS SEVEN PERCENT OF SUCH REVENUES; TO AMEND SECTION 11-11-320, RELATING TO THE STATUTORY CAPITAL RESERVE FUND OF TWO PERCENT OF GENERAL FUND REVENUE OF THE LATEST COMPLETED FISCAL YEAR, SO AS TO INCREASE IT TO THREE PERCENT OF GENERAL FUND REVENUE OF THE LATEST COMPLETED FISCAL YEAR AND TO PROVIDE THAT THE FIRST USE OF THE CAPITAL RESERVE FUND MUST BE TO OFFSET MIDYEAR BUDGET REDUCTIONS; BY ADDING SECTION 11-11-325 SO AS TO REQUIRE THE CAPITAL RESERVE FUND BE REDUCED BEFORE MIDYEAR BUDGET REDUCTIONS ARE MADE; TO AMEND SECTION 11-9-1140, RELATING TO THE REDUCTION OF GENERAL FUND APPROPRIATIONS, SO AS TO MAKE A CONFORMING CHANGE; AND TO PROVIDE THAT THE ABOVE PROVISIONS TAKE EFFECT UPON RATIFICATION OF AMENDMENTS TO SECTION 36, ARTICLE III OF THE CONSTITUTION OF THIS STATE PROVIDING FOR THE ABOVE. - ratified title
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Filed** (filed) — [source](https://www.scstatehouse.gov/sess124_2021-2022/bills/3346.htm)
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2. **12/9/2020** (committee substitute) — [source](https://www.scstatehouse.gov/sess124_2021-2022/prever/3346_20201209.htm)
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3. **2/10/2022** (committee substitute) — [source](https://www.scstatehouse.gov/sess124_2021-2022/prever/3346_20220210.htm)
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4. **3/10/2022** (committee substitute) — [source](https://www.scstatehouse.gov/sess124_2021-2022/prever/3346_20220310.htm)
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5. **3/15/2022** (committee substitute) — [source](https://www.scstatehouse.gov/sess124_2021-2022/prever/3346_20220315.htm)
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6. **3/17/2022** (committee substitute) — [source](https://www.scstatehouse.gov/sess124_2021-2022/prever/3346_20220317.htm)
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7. **3/21/2022** (committee substitute) — [source](https://www.scstatehouse.gov/sess124_2021-2022/prever/3346_20220321.htm)
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8. **3/9/2022** (committee substitute) — [source](https://www.scstatehouse.gov/sess124_2021-2022/prever/3346_20220309.htm)
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9. **5/10/2022** (committee substitute) — [source](https://www.scstatehouse.gov/sess124_2021-2022/prever/3346_20220510.htm)
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10. **6/15/2022** (committee substitute) — [source](https://www.scstatehouse.gov/sess124_2021-2022/prever/3346_20220615.htm)
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## Votes
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- to adopt the conference report — **38–2** (pass) · upper
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- Adopt Conference Report — **114–0** (pass) · lower
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- Passage of Bill — **108–0** (pass) · lower
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- Adopt Amendment 1 — **108–0** (pass) · lower
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- 2nd Reading — **43–0** (pass) · upper
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## Sponsors
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- B. Newton — primary (person)
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- Bradley — primary (person)
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- Calhoon — primary (person)
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- Carter — primary (person)
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- Caskey — primary (person)
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- Daning — primary (person)
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- Erickson — primary (person)
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- Forrest — primary (person)
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- Fry — primary (person)
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- G.M. Smith — primary (person)
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- Gagnon — primary (person)
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- Haddon — primary (person)
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- Hixon — primary (person)
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- Hyde — primary (person)
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- Ligon — primary (person)
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- Long — primary (person)
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- McGarry — primary (person)
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- Thayer — primary (person)
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- W. Cox — primary (person)
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- Weeks — primary (person)
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- West — primary (person)
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- White — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2020-12-09** Prefiled `filing`
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- **2020-12-09** Referred to Committee on Ways and Means `referral-committee`
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- **2021-01-12** Introduced and read first time `introduction, reading-1`
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- **2021-01-12** Referred to Committee on Ways and Means `referral-committee`
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- **2021-01-13** Member(s) request name added as sponsor: G.M.Smith, Caskey
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- **2021-03-22** Member(s) request name added as sponsor: Gagnon, Hyde, West, Thayer, Ligon
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- **2022-02-09** Member(s) request name added as sponsor: Daning, Erickson, Bradley
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- **2022-02-10** Committee report: Favorable Ways and Means `committee-passage-favorable`
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- **2022-02-15** Member(s) request name added as sponsor: Weeks, B.Newton, McGarry
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- **2022-02-16** Member(s) request name added as sponsor: Carter, Calhoon, Hixon
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- **2022-02-16** Read second time `reading-2`
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- **2022-02-16** Roll call Yeas-108 Nays-0
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- **2022-02-17** Read third time and sent to Senate `passage, reading-3`
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- **2022-02-17** Introduced and read first time `introduction, reading-1`
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- **2022-02-17** Referred to Committee on Finance `referral-committee`
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- **2022-03-09** Committee report: Favorable with amendment Finance `committee-passage-favorable`
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- **2022-03-10** Scrivener's error corrected
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- **2022-03-15** Committee Amendment Adopted `amendment-passage`
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- **2022-03-17** Amended `amendment-passage`
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- **2022-03-17** Read second time `reading-2`
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- **2022-03-17** Roll call Ayes-43 Nays-0
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- **2022-03-21** Scrivener's error corrected
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- **2022-03-22** Read third time and returned to House with amendments `passage, reading-3`
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- **2022-03-30** Debate adjourned
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- **2022-03-31** Debate adjourned until Tues., May 3
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- **2022-05-04** Debate adjourned
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- **2022-05-05** Debate adjourned
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- **2022-05-10** Senate amendment amended `amendment-amendment`
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- **2022-05-10** Roll call Yeas-xxx Nays-xxx
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- **2022-05-10** Returned to Senate with amendments
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- **2022-05-11** Non-concurrence in House amendment
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- **2022-05-11** Returned to House with amendments
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- **2022-05-11** Non-concurrence in House amendment
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- **2022-05-11** House insists upon amendment and conference committee appointed Reps. GM Smith, Simrill, Rutherford
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- **2022-05-12** Conference committee appointed Peeler, Setzler, Alexander
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- **2022-06-15** Conference report received and adopted
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- **2022-06-15** Roll call Yeas-114 Nays-0
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- **2022-06-15** Conference report received and adopted
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- **2022-06-15** Roll call Ayes-38 Nays-2
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- **2022-06-15** Ordered enrolled for ratification
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- **2022-06-16** Ratified R 265
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- **2022-06-22** Signed By Governor `executive-signature`
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- **2022-06-28** Effective date See Act for Effective Date
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- **2022-06-28** Act No. 238
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/ef8d6e70-3cb7-46cd-8a85-934ffebccd6e`. Confidence: reported (aggregated from official South Carolina legislature records).
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