2005 Session

Budget Amendments - SB700 (Committee Approved)

View Budget Item
View Budget Item amendments

Reserve for Revenue Stabilization liability (language only)

Item 506 #5s

Item 506 #5s

Central Appropriations
Central Appropriations

Page 471, following line 27, insert:
"General fund revenues collected during the 2004-06 biennium, above the official revenue estimate contained in the appropriation act adopted by the 2005 General Assembly, shall be deposited into a reserve account after meeting other statutory requirements, to the degree necessary to satisfy the Revenue Stabilization Fund liability created by fiscal year 2005 revenue collections."

(This amendment requires that revenues collected beyond the current forecast be reserved to the degree necessary to offset the liability that is being created by fiscal year 2005 revenue collections for a payment to the Revenue Stabilization Fund in fiscal year 2007.)