The bill, S. 291, is a joint resolution that ensures the continued authority to pay the expenses of the South Carolina state government if the 2025-2026 fiscal year begins without an enacted general appropriations act. It stipulates that the authority to pay recurring expenses will continue at the levels appropriated in Act 226 of 2024, with the exception of non-recurring appropriations, which are not subject to funding under this resolution. Additionally, any study committees formed under Act 226 of 2024 will be considered dissolved unless reauthorized by another act of the General Assembly. The effective dates of Parts IA and IB of Act 226 of 2024 are extended until a new general appropriations act is enacted.
Furthermore, the resolution provides for the necessary appropriations from the general fund to cover timely debt service on state obligations and other constitutionally required appropriations, including the Capital Reserve Fund, until a new general appropriations act is in effect. The General Reserve fund will also be established as required by law. This joint resolution will take effect upon the Governor's approval.