SJR 41 - Curls, Shalonn
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
Bill Details
Sponsor
LR Number
4896S.01I
Title
SJR 41
House Handler
N/A
Journal Page
N/A
Effective Date
Upon voter approval
Committee
Current Status
Hearing Cancelled S Ways and Means Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SJR 41 - 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 11 (2013) and SJR 50 (2012).
MIKE HAMMANN