ACT 207, HB471 HD1 SD1 CD1, 7/12/2017

Posted on Jul 14, 2017 in 2017 Acts

RELATING TO THE EMERGENCY AND BUDGET RESERVE FUND.

Prohibits the legislature from appropriating from the Emergency and Budget Reserve Fund: (1) more than 50% of the balance of the fund in a single fiscal year; (2) to expend for discretionary costs in a fiscal year, an amount that exceeds 10% of the total discretionary funds appropriated by the Legislature for the same fiscal year; and (3) for a succeeding fiscal year, unless the current fiscal year’s tax collection is less than the collection for the previous fiscal year.

ACT 207HB471 HD1 SD1 CD1