House Amendment 8004 PAG LIN 1 1 Amend House File 2039 as follows: 1 2 #1. Page 1, by inserting before line 1, the 1 3 following: 1 4 <Sec. ___. Section 8.54, subsection 1, Code 2003, 1 5 is amended by adding the following new paragraph 1 6 before paragraph a and relettering the succeeding 1 7 paragraphs: 1 8 NEW PARAGRAPH. 1a. "Actual revenue" is the amount 1 9 of revenue credited to the general fund of the state 1 10 during a designated period.> 1 11 #2. Page 1, by striking lines 6 through 9, and 1 12 inserting the following: 1 13 <3. Except as otherwise provided in this section, 1 14 the state general fund expenditure limitation for a 1 15 fiscal year shall be one of the following: 1 16 a. If, at the time the revenue estimating 1 17 conference agrees to a revenue estimate used to 1 18 establish the appropriate adjusted revenue estimate 1 19 for a fiscal year, the conference agrees to an 1 20 estimate for the amount of revenue to be credited to 1 21 the general fund of the state during the fiscal year 1 22 in progress that is more than one hundred two percent 1 23 of the actual revenue credited to the general fund of 1 24 the state at the close of the most recently completed 1 25 fiscal year, the state general fund expenditure 1 26 limitation shall be ninety=eight percent of the 1 27 adjusted revenue estimate. 1 28 b. If, at the time the revenue estimating 1 29 conference agrees to a revenue estimate used to 1 30 establish the appropriate adjusted revenue estimate 1 31 for a fiscal year, the conference agrees to an 1 32 estimate for the amount of revenue to be credited to 1 33 the general fund of the state during the fiscal year 1 34 in progress that is one hundred two percent or less of 1 35 the actual revenue credited to the general fund of the 1 36 state at the close of the most recently completed 1 37 fiscal year, the state general fund expenditure 1 38 limitation shall be ninety=nine percent of the 1 39 adjusted revenue estimate.> 1 40 1 41 1 42 1 43 KUHN of Floyd 1 44 HF 2039.502 80 1 45 jp/pj 1 46 1 47 1 48 1 49 1 50 -1-