Loading chat...

AZ HCR2033

Concurrent Resolution

Status

Introduced

1/23/2012

Primary Sponsor

Albert Melvin

Click for details

Origin

House of Representatives

Fiftieth Legislature - Second Regular Session (2012)

AI Summary

  • Proposes an amendment to Article IX of the Arizona Constitution by adding Section 25 regarding a budget stabilization fund.

  • Requires the legislature to establish at least one fund where a portion of surplus tax collections must be deposited.

  • Makes funds available for appropriation by the legislature only when state revenues in a fiscal year fall to 90 percent or less of the expenditure limit for that fiscal year.

  • Directs the Secretary of State to submit this constitutional amendment to voters at the next general election.

Legislative Description

Budget stabilization fund; requirement

Last Action

Referred to House APPROP Committee

1/24/2012

Full Bill Text

No bill text available