| SJR 027 | Amends the Constitution to create a Revenue Stabilization Fund |
| Sponsor: | Jacob | |||
| LR Number: | 2612S.01I | Fiscal Note: | 2612-01 | |
| Committee: | Ways and Means | |||
| Last Action: | 02/24/04 - Hearing Conducted S Ways & Means Committee | Journal page: | ||
| Title: | ||||
| Effective Date: | August 28, 2004 | |||
SJR 27 - This proposed constitutional amendment creates the "Revenue Stabilization Fund" which will be used to receive excess funds during a given fiscal year. The fund shall hold the money in lieu of the excess being distributed pro rata to taxpayers. In years of a fiscal shortfall, the general assembly may make use of the revenue in the fund as necessary.
This resolution is identical to SJR 14 (2003).
JEFF CRAVER