07 AM 28
0734
ADOPTED
Senators
Golden of the 8th, Powell of the 23rd, Hooks of the 14th, Meyer von Bremen of
the 12th and Stoner of the 6th offered the following amendment:
Amend
the Senate Finance Committee substitute to SR 20 by striking lines 16 through 18
on page 1, by striking "(3)"
on line 19 on page 1
and inserting in lieu thereof
"(2)", by
striking "(4)"
on line 21 on page 1
and inserting in lieu thereof
"(3)", by
striking "(5)"
on line 10 on page 2
and inserting in lieu thereof
"(4)", and by
striking "(6)"
on line 12 on page 12
and inserting in lieu thereof
"(5)".
By
striking lines 19 and 20 on page 2 and inserting in lieu thereof the
following:
(1)
An amount equal to the fiscal year spending in any preceding fiscal year;
or
By
striking lines 27 through 29 on page 2 and inserting in lieu thereof the
following:
shall
first fund increases due to student enrollment for local school systems, then
excess revenues shall be transferred to the Revenue Shortfall Reserve to the
extent necessary to ensure that the fund balance is equal to 10 percent of the
fiscal year spending for the previous fiscal year, and then excess revenues
shall be used to reduce state indebtedness or shall be refunded to the taxpayers
or any combination of such purposes.
By
striking lines 32 through 36 on page 2 and inserting in lieu thereof the
following:
Shortfall
Reserve and the adoption of a joint resolution by a two-thirds´ vote of
both houses of the General Assembly voting in a roll-call vote. The General
Assembly by law shall set forth the amount of the spending limit override and
the method by which it shall be defrayed. In no event shall such expenditures
be included in the