| SJR 005 | Creates a fund to hold excess revenue of the state |
| Sponsor: | Bland | |||
| LR Number: | 0104S.01I | Fiscal Note: | 0104-01 | |
| Committee: | Ways and Means | |||
| Last Action: | 01/23/03 - Second Read and Referred S Ways and Means Committee | Journal page: | S129 | |
| Title: | ||||
| Effective Date: | Voter Approval | |||
SJR 5 - This proposed constitutional amendment creates the "Revenue Stabilization Fund" which will be used to receive excess funds during a given fiscal year. If approved by the voters, 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 36 (2002).
JEFF CRAVER