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2002 SESSION

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HB 322 Budget; long-term financial plan by Governor.

Introduced by: Vincent F. Callahan, Jr. | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Budget; long-term financial plan. Requires the Governor to submit by the first day of each General Assembly Session held in an even-numbered year a long-term financial plan providing a six-year financial outline consisting of (i) the Governor's biennial budget, (ii) estimates of anticipated general and nongeneral fund revenues for each major program, and (iii) estimates of general and nongeneral fund appropriations required for each major program. This bill is identical to SB 344.

SUMMARY AS PASSED HOUSE:

Budget; long-term financial plan. Requires the Governor to submit by the first day of each General Assembly Session held in an even-numbered year a long-term financial plan providing a six-year financial outline consisting of (i) the Governor's biennial budget, (ii) estimates of anticipated general and nongeneral fund revenues for each major program for the next four years, and (iii) estimates of general and nongeneral fund appropriations required for each major program for the next four years.

SUMMARY AS INTRODUCED:

Budget; long-term financial plan. Requires the Governor to submit by December 15 of each year a long-term financial plan providing a six-year financial outline consisting of estimates of (i) anticipated general fund revenue, (ii) anticipated revenues for each of the major nongeneral funds, and (iii) the amount of funding needed by each secretariat, for each year.