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GA SB421

Bill

Official Source

Status

Passed

5/20/2010

Primary Sponsor

Greg Goggans

Click for details

Origin

Senate

2009-2010 Regular Session

AI Summary

  • Increases the cap on Georgia's Revenue Shortfall Reserve (rainy day fund) from 10 percent to 15 percent of the previous fiscal year's net revenue
  • Amends Code Section 45-12-93(h) of the Official Code of Georgia Annotated, which governs management of budgetary and financial affairs
  • Sponsored by Senators Hill, Williams, Rogers, Hooks, Goggans, and others; passed the Senate
  • Takes effect immediately upon approval by the Governor or upon becoming law without such approval

Legislative Description

Budget/Financial Affairs; Revenue Shortfall Reserve; not exceed 15 percent of previous year's net revenue for any fiscal year

Last Action

Effective Date

5/20/2010

Committee Referrals

Budget and Fiscal Affairs Oversight3/26/2010
Appropriations2/17/2010

Full Bill Text

No bill text available