SJR 027 Amends the Constitution to create a Revenue Stabilization Fund
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:
Effective Date:August 28, 2004
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Current Bill Summary

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).