Text: S03031 Text: S03033 Text: S03000 - S03099 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend Senate File 66 as follows: 1 2 #1. By striking everything after the enacting 1 3 clause and inserting the following: 1 4 "Section 1. Section 8.54, subsections 3 and 4, 1 5 Code 2001, are amended to read as follows: 1 6 3. Except as otherwise provided in this section, 1 7 the state general fund expenditure limitation for a 1 8 fiscal year shall be ninety-nine and thirty-one 1 9 hundredths percent of the adjusted revenue estimate. 1 10 4. The state general fund expenditure limitation 1 11 amount provided for in this section shall be used by 1 12 the governor in the preparation of the budget under 1 13 section 8.22 and by the general assembly in the budget 1 14 process. If a source for new revenues is proposed, 1 15 the budget revenue projection used for that new 1 16 revenue source for the period beginning on the 1 17 effective date of the new revenue source and ending in 1 18 the fiscal year in which the source is included in the 1 19 revenue base shall be an amount determined by 1 20 subtracting estimated tax refunds payable from the 1 21 projected revenue from that new revenue source, 1 22 multiplied by ninety-five and thirty-one hundredths 1 23 percent. If a new revenue source is established and 1 24 implemented, the original state general fund 1 25 expenditure limitation amount provided for in 1 26 subsection 3 shall be readjusted to include ninety- 1 27 five and thirty-one hundredths percent of the 1 28 estimated revenue from the new revenue source. 1 29 Sec. 2. Section 8.54, subsections 7 and 8, Code 1 30 2001, are amended by striking the subsections and 1 31 inserting in lieu thereof the following: 1 32 7. The governor shall transmit to the general 1 33 assembly, in accordance with section 8.21, a budget 1 34 which does not exceed the state general fund 1 35 expenditure limitation. The general assembly shall 1 36 pass a budget which does not exceed the state general 1 37 fund expenditure limitation. The governor shall not 1 38 transmit a budget with recommended appropriations in 1 39 excess of the state general fund expenditure 1 40 limitation and the general assembly shall not pass a 1 41 budget with appropriations in excess of the state 1 42 general fund expenditure limitation. In complying 1 43 with the requirements of this subsection, the governor 1 44 and the general assembly shall not rely on any 1 45 anticipated reversion of appropriations in order to 1 46 meet the state general fund expenditure limitation." 1 47 1 48 1 49 1 50 MICHAEL E. GRONSTAL 2 1 SF 66.204 79 2 2 jp/gg
Text: S03031 Text: S03033 Text: S03000 - S03099 Text: S Index Bills and Amendments: General Index Bill History: General Index
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