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2019 SESSION

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HB 2354 Revenue Stabilization Fund and Revenue Reserve Fund; maximum amounts.

Introduced by: S. Chris Jones | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Revenue Stabilization Fund and Revenue Reserve Fund; maximum amounts. Provides that the combined funds in the Revenue Stabilization Fund and Revenue Reserve Fund shall not exceed 15 percent of average income and sales tax revenues for the past three years. Under current law, the amount in the Revenue Stabilization Fund shall not exceed 15 percent of average income and sales tax revenues for the past three years, and the amount in the Revenue Reserve Fund shall not exceed two percent of general fund revenues for the prior year.


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