| 13 | 13 | | A BILL TO BE ENTITLED 1 |
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| 14 | 14 | | AN ACT TO REDUCE THE INCREASE IN THE STATE GENERAL FUND OPERATING 2 |
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| 15 | 15 | | BUDGET BY REDUCING THE STATUTORY CAP ON THE OPERATING BUDGET AS 3 |
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| 16 | 16 | | A PERCENTAGE OF TOTAL STATE PERSONAL INCOME TO SIX PERCENT. 4 |
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| 17 | 17 | | The General Assembly of North Carolina enacts: 5 |
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| 18 | 18 | | SECTION 1. G.S. 143C-4-6 reads as rewritten: 6 |
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| 19 | 19 | | "§ 143C-4-6. General Fund operating budget size limited. 7 |
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| 20 | 20 | | (a) Size Limitation. – Except as otherwise provided in this section, the General Fund 8 |
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| 21 | 21 | | operating budget each fiscal year shall not be greater than seven percent (7%) six percent (6%) 9 |
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| 22 | 22 | | of the projected total State personal income for that fiscal year. 10 |
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| 23 | 23 | | (a1) Extraordinary Exceedance of Budget Size Limitation. – In each fiscal year, funds in 11 |
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| 24 | 24 | | excess of the size limitation set forth in subsection (a) of this section shall be available for 12 |
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| 25 | 25 | | expenditure upon a two-thirds vote of the membership of the Senate and the House of 13 |
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| 26 | 26 | | Representatives present and voting. 14 |
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| 27 | 27 | | …." 15 |
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| 28 | 28 | | SECTION 2. This act becomes effective July 1, 2025, and applies to General Fund 16 |
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| 29 | 29 | | operating budgets adopted by the General Assembly on or after that date. 17 |
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