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
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Current Bill Summary

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.