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1998 SESSION

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HJ 162 Constitutional amendment; Revenue Stabilization Fund.

Introduced by: C. Richard Cranwell | all patrons    ...    notes | add to my profiles

SUMMARY:

Constitutional amendment (first resolution); Revenue Stabilization Fund. Limits the amount that can be held in the fund to $600 million and provides that the $600 million limit will increase by $100 million in 2011 and every tenth year thereafter. The General Assembly may waive the $100 million increase by a two-thirds vote of the members present in each house.


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