As Amended
SEC. 27-103-211. Limit on legislative appropriation from General Fund.
Beginning with the appropriations for fiscal year 1994, the total sum appropriated by the Legislature from the State General Fund for any fiscal year shall not exceed ninety-eight percent (98%) of the general fund revenue estimate for that fiscal year developed by the Tax Commission and the University Research Center and adopted by the Joint Legislative Budget Committee, plus any unencumbered balances in general funds that will be available and on hand at the close of the then current fiscal year. The unencumbered balances in general funds that will be available and on hand at the close of the fiscal year shall not include projected amounts required to be deposited into the Working Cash-Stabilization Reserve Fund pursuant to Section 27-103-203. However, for fiscal year 2004 only, the total sum appropriated by the Legislature from the State General Fund shall not exceed one hundred percent (100%) of the amount of the general fund revenue estimate for that fiscal year, plus any unencumbered balances in general funds that will be available and on hand at the close of the then current fiscal year.
SOURCES: Laws, 1992, ch. 484, Sec. 11; 1993, ch. 509, Sec. 5; Laws, 2003, ch. 507, § 3, SB 2542, eff from and after passage (approved Apr. 18, 2003).
PREVIOUS VERSIONS: Pre-2003