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1 | 1 | 25.1246.01000 | |
2 | 2 | Sixty-ninth | |
3 | 3 | Legislative Assembly | |
4 | 4 | of North Dakota | |
5 | 5 | Introduced by | |
6 | 6 | Representatives Wolff, Hendrix, Holle, S. Olson, VanWinkle | |
7 | 7 | Senators Castaneda, Paulson | |
8 | 8 | A BILL for an Act to create and enact a new section to chapter 54-27 of the North Dakota | |
9 | 9 | Century Code, relating to the growth of the state general fund budget. | |
10 | 10 | BE IT ENACTED BY THE LEGISLATIVE ASSEMBLY OF NORTH DAKOTA: | |
11 | 11 | SECTION 1. A new section to chapter 54-27 of the North Dakota Century Code is created | |
12 | 12 | and enacted as follows: | |
13 | 13 | Appropriation - Limitation. | |
14 | 14 | Except as otherwise provided in this section, the total general fund budget approved by the | |
15 | 15 | legislative assembly for a biennium may not be greater than three percent of the general fund | |
16 | 16 | budget approved by the legislative assembly for the previous biennium. If the general fund | |
17 | 17 | budget increase approved by the legislative assembly for a biennium is less than three percent | |
18 | 18 | compared to the previous biennium, the difference between the actual percentage increase and | |
19 | 19 | three percent may be carried forward for up to three bienniums and used to exceed the three | |
20 | 20 | percent increase limitation. This section does not apply to any general fund budget increase that | |
21 | 21 | exceeds three percent if the increase is approved by a two-thirds vote of members elected to | |
22 | 22 | each house of the legislative assembly. | |
23 | 23 | Page No. 1 25.1246.01000 | |
24 | 24 | HOUSE BILL NO. 1502 | |
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