GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2001
H	1
HOUSE BILL 915
     

 
Short Title:	Lmt Budget Expenses/Prior Fiscal Year Revenue.	()	
Sponsors:	Representatives Shubert;  Morris and Davis.	
Referred to:	Rules, Calendar, and Operations of the House.	
March 29, 2001

A BILL TO BE ENTITLED
AN ACT to limit general fund budget expenditures for a fiscal year to the amount of general fund revenue collections from the prior fiscal year.

The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 143‑15.1(a) reads as rewritten:
"(a)	The General Assembly shall enact the Current Operations Appropriations Act by June 15 of odd‑numbered years and by June 30 of even‑numbered years in which a Current Operations Appropriations Act is enacted. The Current Operations Appropriations Act shall state the amount of General Fund appropriations availability upon which the General Fund budget is based. The statement of availability shall list separately the beginning anticipated General Fund credit balance, anticipated General Fund revenue collections for the prior fiscal year, and any other components of the availability amount.
The General Fund operating budget appropriations, including appropriations for local tax reimbursements and local tax sharing, for the second year in a Current Operations Appropriations Act that contains a biennial budget shall not be more than the anticipated General Fund total revenue collections for the first year of the biennial budget."
SECTION 2.  G.S. 143‑15.4 reads as rewritten:
"§ 143‑15.4.  General Fund operating budget size limited.
	The General Fund operating budget each fiscal year shall not be greater than the total revenue collections for the prior fiscal year. For the purpose of this section, the General Fund operating budget includes any appropriations for local tax‑sharing, but does not include appropriations for (i) capital expenditures or (ii) one‑time expenditures due to natural disasters, federal mandates, or other emergencies.
		"SECTION 3.  This act becomes effective July 1, 2001.