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SJR 50 - Upon approval of the voters, this constitutional amendment increases the amount of time for repaying the Budget Reserve Fund, when funds from the Budget Reserve Fund are appropriated due to a disaster, or the governor's reduction of the state's expenditures. Currently, the Budget Reserve Fund must be repaid during each of the next three fiscal years after the money is used from the fund due to these purposes. This amendment allows the state to have one fiscal year before any money must be repaid to the Budget Reserve Fund, and then requires the money to be repaid during each of the next five fiscal years. EMILY KALMER
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