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
• Committee: Ways and Means
• Last Action: 2/12/2013 - Second Read and Referred S Ways and Means Committee
• Journal Page: S255
• Effective Date: Upon voter approval

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