SJR 11 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
Sponsor: Curls
LR Number: 0323S.01I Fiscal Note not available
Committee: Ways and Means
Last Action: 2/12/2013 - Second Read and Referred S Ways and Means Committee Journal Page: S255
Title: Calendar Position:
Effective Date: Upon voter approval

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Current Bill Summary


SJR 11 - 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.

This proposed constitutional amendment is identical to SJR 50 (2012).

MIKE HAMMANN