SOUTH CAROLINA REVENUE AND FISCAL AFFAIRS OFFICE S TATEMENT OF ESTIMATED FISCAL IMPACT WWW.RFA.SC.GOV • (803)734-3793 This fiscal impact statement is produced in compliance with the South Carolina Code of Laws and House and Senate rules. The focus of the analysis is on governmental expenditure and revenue impacts and may not provide a comprehensive summary of the legislation. __________________________________ Frank A. Rainwater, Executive Director DISCLAIMER: THIS FISCAL IMPACT STATEMENT REPRESENTS THE OPINION AND INTERPRETATION OF THE AGENCY OFFICIAL WHO APPROVED AND SIGNED THIS DOCUMENT. IT IS PROVIDED AS INFORMATION TO THE GENERAL ASSEMBLY AND IS NOT TO BE CONSIDERED AS AN EXPRESSION OF LEGISLATIVE INTENT. Page 1 of 1 S. 0095 Fiscal Impact Summary This joint resolution proposes a referendum on a constitutional amendment to establish a procedure for the enactment or repeal of laws by initiative petition and referendum. This proposal must be submitted to the voters at the next general election. This bill will have no expenditure impact as the State Election Commission can manage the additional responsibilities due to this bill with existing staff and within existing appropriations. Explanation of Fiscal Impact Introduced on January 14, 2025 State Expenditure This joint resolution proposes a referendum on a constitutional amendment to establish a procedure for the enactment or repeal of laws by initiative petition and referendum. This proposal must be submitted to the voters at the next general election. The State Election Commission can manage the additional responsibilities due to this bill with existing staff and within existing appropriations. Therefore, this bill will have no expenditure impact. If the voters approve this proposal, additional legislation will be required to amend the State’s Constitution and enact the change. State Revenue N/A Local Expenditure N/A Local Revenue N/A Bill Number: S. 0095 Introduced on Januar y 14, 2025 Subject: Ballot Initiative Requestor: Senate Judiciary RFA Analyst(s): Welsh Impact Date: March 21, 2025