Repeals provision authorizing late approval of certain capital outlay budget requests. (8/15/10) (2/3 -CA7s11(C)) (EG NO IMPACT GF EX See Note)
The repeal of this provision is expected to streamline the budget approval process, thereby potentially reducing the complexity and volume of late submissions for funding. Proponents of the bill may argue that it enhances accountability and planning within state financial management. However, eliminating the possibility for late approvals may hinder projects that rely on timely funding decisions, especially for non-state entities that could be looking to the government for financial assistance for development or emergency projects.
Senate Bill 337 seeks to repeal a provision that currently allows the Joint Legislative Committee on Capital Outlay to approve certain capital outlay budget requests from non-state entities after the established deadline of November 1st. The bill signifies a shift towards stricter adherence to timelines for budget requests, ensuring that any submissions for funding after the deadline will no longer be considered, except under specific emergency circumstances as previously outlined. The effective date for this repeal is set to be August 15, 2010.
The sentiment surrounding SB 337 appears to be mixed. Supporters of the bill likely view it as a necessary measure to improve fiscal discipline and ensure that all budget requests are planned and submitted on time. Conversely, opponents may express concern that this approach could deprive community projects of critical funding that arise unexpectedly and are instrumental for local development and emergencies, reflecting a tension between financial oversight and the need for flexibility in budgetary needs.
One notable contention surrounding SB 337 is the potential impact on economic development initiatives. Given that economic recovery often hinges on timely funding for new projects, critics may argue that strict adherence to deadlines could stifle opportunities for timely assistance in urgent instances. Additionally, the bill's specific targeting of non-state entities raises questions about the prioritization of state versus local funding needs and the implications for community-based development efforts.