|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|
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).