|SJR 036||Creates a fund to hold excess revenue of the state|
|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:|
|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.