|SB 0905||Modifies state budgeting process|
|LR Number:||2659S.01I||Fiscal Note:||2659-01|
|Committee:||Financial and Governmental Organization|
|Last Action:||02/11/02 - Voted Do Pass S Financial & Governmental Org.,||Journal page:|
|Veterans Affairs & Elections Committee|
|Effective Date:||August 28, 2002|
SB 905 - This act requires the Governor to submit a budget on a two-year cycle to coincide with the beginning of each General Assembly. During the second year, the General Assembly shall review programs of the various state departments and may grant emergency and supplemental appropriations recommended or requested by the Governor. It will also evaluate the performance objectives and performance measures used by the state departments.
The act establishes an advisory committee composed of the Budget Director and the chairs of the Senate Appropriations and House Budget committees. The committee shall set and revise budget estimates every six months, and provide a quarterly and an annual report comparing revenues projected and received. The committee may contract for appropriate economic analyses.
This act is identical to SB 594 (2001).