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OH HB396
Bill
Status
12/14/2009
Primary Sponsor
John Adams
Click for details
AI Summary
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Limits aggregate general revenue fund appropriations to no more than 97 percent of aggregate revenue received in the two most recent fiscal years.
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Prohibits transfers from the Budget Stabilization Fund exceeding 25 percent of the fund's balance at the time the budget is submitted.
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Eliminates the state appropriation limitation by repealing sections 107.033, 107.034, 107.035, 131.56, 131.57, 131.58, 131.59, and 131.60 of the Revised Code.
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Applies budget spending constraints to both gubernatorial budget proposals and General Assembly budget enactments.
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Defines aggregate revenue as money received in the general revenue fund excluding federal funds and gifts.
Legislative Description
To prohibit the Governor from proposing and the General Assembly from enacting a state budget with aggregate general revenue fund appropriations that exceed ninety-seven per cent of the total money received in aggregate revenue for the two most recent fiscal years, to prohibit the proposal and enactment of a state budget containing transfers from the Budget Stabilization Fund in excess of twenty-five per cent of the amount of the Fund, and to eliminate the state appropriation limitation.
Appropriations-remove limit/limit transfers from reserves/limit to % of revenue
Last Action
To Finance & Appropriations
12/14/2009