CA SCA10

Requires the Governor's proposed budget to identify estimated total state resources available and specify which resources are anticipated to be one-time resources.

Renames the Budget Stabilization Account to the Budget Stabilization Fund and increases the fund's cap from 5% to 10% of General Fund revenues, removing the $8 billion alternative limit.

Creates a new Supplemental Budget Stabilization Account to receive 1.5% of General Fund revenues annually beginning October 1, 2013, restricted to capital outlay and bonded indebtedness retirement.

Requires the Director of Finance to report by May 29 each year on General Fund revenues, transfers, balances, and obligations, with unanticipated revenues directed first to education obligations, then to fund stabilization, then to retire budgetary obligations, and finally to infrastructure, tax relief, or other specified purposes.

Provides two alternative amendments to Section 12 of Article IV depending on whether Proposition 25 is approved by voters on November 2, 2010, regarding budget bill passage requirements.