| SJR 036 | Creates a fund to hold excess revenue of the state |
| Sponsor: | Jacob | |||
| LR Number: | 4687S.02I | Fiscal Note: | 4687-02 | |
| Committee: | Ways and Means | |||
| Last Action: | 03/12/02 - Hearing Conducted S Ways & Means Committee | Journal page: | ||
| Title: | ||||
| Effective Date: | Voter Approval | |||
SJR 36 - 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.
JEFF CRAVER