Senate Amendment 5003 PAG LIN 1 1 Amend House File 2039, as amended, passed, and 1 2 reprinted by the House, as follows: 1 3 #1. Page 1, by inserting after line 7, the 1 4 following: 1 5 <Sec. ___. Section 8.54, subsection 1, Code 2003, 1 6 is amended by adding the following new paragraph 1 7 before paragraph a and relettering the succeeding 1 8 paragraphs: 1 9 NEW PARAGRAPH. 1a. "Actual revenue" is the amount 1 10 of revenue credited to the general fund of the state 1 11 during a designated period.> 1 12 #2. Page 1, by striking lines 13 through 16, and 1 13 inserting the following: 1 14 <3. Except as otherwise provided in this section, 1 15 the state general fund expenditure limitation for a 1 16 fiscal year shall be ninety=nine percent of the 1 17 adjusted revenue estimate. However, the general 1 18 assembly may utilize a state general fund expenditure 1 19 limitation for a fiscal year of ninety=eight percent 1 20 of the adjusted revenue estimate provided all of the 1 21 following conditions are met: 1 22 a. At the time the revenue estimating conference 1 23 agrees to a revenue estimate used to establish the 1 24 appropriate adjusted revenue estimate for a fiscal 1 25 year, the conference agrees to an estimate for the 1 26 amount of revenue to be credited to the general fund 1 27 of the state during the fiscal year in progress that 1 28 is more than one hundred two percent of the actual 1 29 revenue credited to the general fund of the state at 1 30 the close of the most recently completed fiscal year. 1 31 b. The general assembly determines that an 1 32 expenditure limitation based upon ninety=eight percent 1 33 of the adjusted revenue estimate will provide 1 34 sufficient general fund revenue to continue the 1 35 enacted appropriation amounts for the fiscal year in 1 36 progress plus the additional amount needed to provide 1 37 for full funding of the increase in state payments 1 38 under the state school foundation program resulting 1 39 from the increase in allowable growth, standing 1 40 appropriations, and contractual obligations. 1 41 c. Prior to passage of bills making appropriations 1 42 for that fiscal year, the general assembly approves a 1 43 bill formally confirming and stating the determination 1 44 required by paragraph "b".> 1 45 #3. By renumbering as necessary. 1 46 1 47 1 48 1 49 KEITH A. KREIMAN 1 50 2 1 2 2 2 3 HERMAN C. QUIRMBACH 2 4 HF 2039.704 80 2 5 jp/gg -1-