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2003 SESSION

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SJ 427 Constitutional amendment (1st resolution); Revenue Stabilization Fund.

Introduced by: Nick Rerras | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Constitutional amendment (first resolution); Revenue Stabilization Fund. Increases the maximum balance of the "rainy day" fund from 10 percent to 12.5 percent of the Commonwealth's average annual tax revenues from income and sales taxes for the three fiscal years immediately preceding a current fiscal year.

FULL TEXT

• 01/17/03  Senate: Presented & ordered printed 034887522  pdf

HISTORY

• 01/17/03  Senate: Presented & ordered printed 034887522
• 01/17/03  Senate: Referred to Committee on Privileges and Elections
• 01/20/03  Senate: Assigned to P. & E. sub-committee: 2
• 01/28/03  Senate: Reported from Privileges and Elections (13-Y 0-N)
• 01/28/03  Senate: Rereferred to Finance
• 01/30/03  Senate: No action taken by Finance by voice vote