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3 | - | ENGR. H. J. R. NO. 1001 Page 1 1 | |
3 | + | HJR1001 HFLR Page 1 | |
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28 | - | ENGROSSED HOUSE | |
29 | - | JOINT | |
30 | - | RESOLUTION NO. 1001 By: Fugate, Baker, Bashore, Bell, Bennett, | |
31 | - | Blancett, Boatman, Boles, Brewer, | |
32 | - | Burns, Bush, Caldwell (Chad), Caldwell | |
33 | - | (Trey), Conley, Cornwell, Crosswhite | |
34 | - | Hader, Cruz, Culver, Davis, Dempsey, | |
35 | - | Dills, Dobrinski, Dollens, Echols, | |
36 | - | Fetgatter, Ford, Frix, Gann, Goodwin, | |
37 | - | Grego, Hardin (David), Hardin (Tommy), | |
38 | - | Hasenbeck, Hilbert, Hill, Humphrey, | |
39 | - | Johns, Kannady, Kendrix, Kerbs, | |
40 | - | Lawson, Lepak, Lowe (Dick), Lowe | |
41 | - | (Jason), Luttrell, Manger, Marti, | |
42 | - | Martinez, May, McBride, McCall, | |
43 | - | McDugle, McEntire, Miller, Mize, | |
44 | - | Moore, Munson, Newton, Nichols, | |
45 | - | Nollan, O'Donnell, Olsen, Osburn, Pae, | |
46 | - | Patzkowsky, Pfeiffer, Phillips, | |
47 | - | Pittman, Provenzano, Randleman, | |
48 | - | Ranson, Roberts (Dustin), Roberts | |
49 | - | (Eric), Roberts (Sean), Roe, | |
50 | - | Rosecrants, Russ, Sims, Sm ith, Sneed, | |
51 | - | Stark, Steagall, Stearman, Sterling, | |
52 | - | Stinson, Strom, Talley, Townley, | |
53 | - | Turner, Vancuren, Virgin, Waldron, | |
54 | - | Walke, Wallace, West (Josh), West | |
55 | - | (Kevin), West (Rick), West (Tammy), | |
56 | - | Williams, Wolfley and Worthen of the | |
57 | - | House | |
29 | + | HOUSE OF REPRESENTATIVES - FLOOR VERSION | |
30 | + | ||
31 | + | STATE OF OKLAHOMA | |
32 | + | ||
33 | + | 1st Session of the 58th Legislature (2021) | |
34 | + | ||
35 | + | HOUSE JOINT | |
36 | + | RESOLUTION 1001 By: Fugate of the House | |
58 | 37 | ||
59 | 38 | and | |
60 | 39 | ||
61 | 40 | Montgomery of the Senate | |
62 | 41 | ||
63 | 42 | ||
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44 | + | ||
45 | + | ||
46 | + | ||
47 | + | AS INTRODUCED | |
65 | 48 | ||
66 | 49 | A Joint Resolution directing the Secretar y of State | |
67 | 50 | to refer to the people for their approval or | |
68 | 51 | rejection a proposed amendment to Section 23 of | |
69 | 52 | Article X of the Constitution of the State of | |
70 | 53 | Oklahoma; modifying provisions related to maximum | |
71 | 54 | balance of the Constitutional Reserve Fund; providing | |
72 | 55 | for sources of revenue to be included or excluded | |
73 | 56 | from computation; providing ballot title; and | |
74 | 57 | directing filing. | |
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76 | - | ENGR. H. J. R. NO. 1001 Page 2 1 | |
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63 | + | BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES AND THE SENATE OF THE | |
64 | + | 1ST SESSION OF THE 58TH OKLAHOMA LEGISLATURE: | |
65 | + | SECTION 1. The Secretary of State shall refer to the people for | |
66 | + | their approval or rejection, as and in the manner provided by law, | |
67 | + | the following proposed amendment to Section 23 of Article X of the | |
68 | + | Constitution of the State of Oklahoma to read as follows: | |
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70 | + | HJR1001 HFLR Page 2 | |
71 | + | BOLD FACE denotes Committee Amendments. 1 | |
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101 | - | BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES AND THE SENATE OF THE | |
102 | - | 1ST SESSION OF THE 58 TH OKLAHOMA LEGISLATURE: | |
103 | - | SECTION 1. The Secretary of State shall refer to the people for | |
104 | - | their approval or rejection, as and in the manner provided by law, | |
105 | - | the following proposed amendment to Section 23 of Article X of the | |
106 | - | Constitution of the State of Oklahoma to read as follows: | |
107 | 96 | Section 23. The state shall never create or authorize the | |
108 | 97 | creation of any debt or obligation, or fund or pay any deficit, | |
109 | 98 | against the state, or any department, institution or agency thereof, | |
110 | 99 | regardless of its form or the source of money from which it is to be | |
111 | 100 | paid, except as may be provided in this section and in Sections 24 | |
112 | 101 | and 25 of Article X of the Constitution of the State of Oklahoma. | |
113 | 102 | To ensure a balanced annual budget, pursuant to the limitations | |
114 | 103 | contained in the foregoing, procedures are herewith establis hed as | |
115 | 104 | follows: | |
116 | 105 | 1. Not more than forty -five (45) days or less than thirty -five | |
117 | 106 | (35) days prior to the convening of each regular session of the | |
118 | 107 | Legislature, the State Board of Equalization shall certify the total | |
119 | 108 | amount of revenue which accrued during the last preceding fiscal | |
120 | 109 | year to the General Revenue Fund and to each Special Revenue Fund | |
121 | 110 | appropriated directly by the Legislature, and shall further certify | |
122 | 111 | amounts available for appropriation which shall be based on a | |
123 | 112 | determination, in accordance with the procedure hereinafter | |
124 | 113 | provided, of the revenues to be received by the state under the laws | |
114 | + | in effect at the time such determination is made, for the next | |
115 | + | ensuing fiscal year, showing separately the revenues to accrue to | |
116 | + | the credit of each such fund of the state appropriated directly by | |
117 | + | the Legislature. | |
118 | + | Amounts certified as available for appropriation from each fund, | |
119 | + | as hereinbefore provided, shall be ninety -five percent (95%) of an | |
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126 | - | ENGR. H. J. R. NO. 1001 Page 3 1 | |
121 | + | HJR1001 HFLR Page 3 | |
122 | + | BOLD FACE denotes Committee Amendments. 1 | |
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151 | - | in effect at the time such determination is made, for the next | |
152 | - | ensuing fiscal year, showing separately the revenues to accrue to | |
153 | - | the credit of each such fund of the state appropriated directly by | |
154 | - | the Legislature. | |
155 | - | Amounts certified as available for appropriation from each fund, | |
156 | - | as hereinbefore provided, shall be ninety -five percent (95%) of an | |
157 | 147 | itemized estimate made by the State Board of Equalization, which | |
158 | 148 | shall include all sources of revenue to each fund for the next | |
159 | 149 | ensuing fiscal year; provided, however, appropriated federal funds | |
160 | 150 | shall be certified for the full amount of the estimate. Said | |
161 | 151 | estimate shall consider any increase or decline in revenues that | |
162 | 152 | would result from predictable changes in the economy. | |
163 | 153 | Legislative appropriations for any fiscal year, except for | |
164 | 154 | special appropriations provided for in paragraph 6, 7 or 8 shall be | |
165 | 155 | limited to a sum not to exceed the total amount appropriated from | |
166 | 156 | all funds in the preceding fiscal year, plus twelve percent (12%), | |
167 | 157 | adjusted for inflation for the previous calendar year. Said limit | |
168 | 158 | shall be adjusted for funds not previously appropriated. The limit | |
169 | 159 | on the growth of appropriations shall be certified to by the State | |
170 | 160 | Board of Equalization. | |
171 | 161 | 2. Such certification shall be filed with the Governor, the | |
172 | 162 | President and President Pro Tempore of the Senate, and the Speaker | |
173 | 163 | of the House of Representatives. The Legislature shall not pass or | |
174 | 164 | enact any bill, act or measure making an ap propriation of money for | |
165 | + | any purpose until such certification is made and filed, unless the | |
166 | + | State Board of Equalization has failed to file said certification at | |
167 | + | the time of convening of said Legislature. In such event, it shall | |
168 | + | be the duty of the Legislat ure to make such certification pursuant | |
169 | + | to the provisions of this section. All appropriations made in | |
170 | + | excess of such certification shall be null and void; provided, | |
175 | 171 | ||
176 | - | ENGR. H. J. R. NO. 1001 Page 4 1 | |
172 | + | HJR1001 HFLR Page 4 | |
173 | + | BOLD FACE denotes Committee Amendments. 1 | |
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201 | - | any purpose until such certification is made and filed, unless the | |
202 | - | State Board of Equalization has failed to file said certification at | |
203 | - | the time of convening of said Legislature. In such event, it shall | |
204 | - | be the duty of the Legislature to make such certification pursuant | |
205 | - | to the provisions of this section. All appropriations made in | |
206 | - | excess of such certification shall be null and void; provided, | |
207 | 198 | however, that the Legislature may at any regular session or special | |
208 | 199 | session, called for th at purpose, enact laws to provide for | |
209 | 200 | additional revenues or a reduction in revenues, other than ad | |
210 | 201 | valorem taxes, or transferring the existing revenues or | |
211 | 202 | unappropriated cash on hand from one fund to another, or making | |
212 | 203 | provisions for appropriating funds n ot previously appropriated | |
213 | 204 | directly by the Legislature. Whereupon, it shall be the duty of the | |
214 | 205 | State Board of Equalization to make a determination of the revenues | |
215 | 206 | that will accrue under such laws and ninety -five percent (95%) of | |
216 | 207 | the amount of any increase or decrease resulting, for any reason, | |
217 | 208 | from such changes in laws shall be added to or deducted from the | |
218 | 209 | amount previously certified available for appropriation from each | |
219 | 210 | respective fund, as the case may be. The State Board of | |
220 | 211 | Equalization shall file the amount of such adjusted certification, | |
221 | 212 | or additional certification for funds not previously appropriated | |
222 | 213 | directly by the Legislature, with the Governor, with the President | |
223 | 214 | and President Pro Tempore of the Senate, and the Speaker of the | |
224 | 215 | House of Representat ives, and such adjusted amount shall be the | |
216 | + | maximum amount which can be appropriated for all purposes from any | |
217 | + | such fund for the fiscal year being certified. | |
218 | + | 3. The State Board of Equalization shall meet within five (5) | |
219 | + | days after the monthly apportionmen t in February of each year, and | |
220 | + | at that time may adjust the certification, based upon the most | |
221 | + | current information available, and determine the amount of funds | |
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226 | - | ENGR. H. J. R. NO. 1001 Page 5 1 | |
223 | + | HJR1001 HFLR Page 5 | |
224 | + | BOLD FACE denotes Committee Amendments. 1 | |
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251 | - | maximum amount which can be appropriated for all purposes from any | |
252 | - | such fund for the fiscal year being certified. | |
253 | - | 3. The State Board of Equalization shall meet wi thin five (5) | |
254 | - | days after the monthly apportionment in February of each year, and | |
255 | - | at that time may adjust the certification, based upon the most | |
256 | - | current information available, and determine the amount of funds | |
257 | 249 | available for appropriation for that legislative session. At said | |
258 | 250 | meeting the Board shall deter mine the limit on the growth of | |
259 | 251 | appropriations as provided for in this section. | |
260 | 252 | 4. Surplus funds or monies shall be any amount accruing to the | |
261 | 253 | General Revenue Fund of the State of Oklahoma over and above the | |
262 | 254 | itemized estimate made by the State Board of Eq ualization. | |
263 | 255 | 5. All such surplus funds or monies shall be placed in a | |
264 | 256 | Constitutional Reserve Fund by the State Treasurer until such time | |
265 | 257 | that the amount of said Fund equals fifteen percent (15%) of the | |
266 | 258 | General Revenue Fund certification for the preceding fiscal year | |
267 | 259 | total state expenditures for the fiscal year ending on June 30 | |
268 | 260 | immediately preceding the month of the succeeding fiscal year during | |
269 | 261 | which the surplus monies are deposited into the Constitutional | |
270 | 262 | Reserve Fund, such expenditures to be computed usi ng expenditures | |
271 | 263 | from funds from which the Legislature appropriates money, inclusive | |
272 | 264 | of all federal funds, but exclusive of monies expended from | |
273 | 265 | revolving funds, exclusive of any expenditures from a fund from | |
274 | 266 | which public monies are derived from fees or oth er charges not | |
267 | + | consisting of tax revenues, and exclusive of the proceeds from any | |
268 | + | general obligation bond or other evidence of indebtedness issued by | |
269 | + | a state governmental entity and which is repaid in whole or in part | |
270 | + | using executive branch agency appropri ations or appropriations to | |
271 | + | The Oklahoma State System of Higher Education . Appropriations made | |
272 | + | from said Fund shall be considered special appropriations. | |
275 | 273 | ||
276 | - | ENGR. H. J. R. NO. 1001 Page 6 1 | |
274 | + | HJR1001 HFLR Page 6 | |
275 | + | BOLD FACE denotes Committee Amendments. 1 | |
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301 | - | consisting of tax revenues, and exclusive of the proceeds from any | |
302 | - | general obligation bond or other evidence of indebtedness issued by | |
303 | - | a state governmental entity and which is repaid in whole or in part | |
304 | - | using executive branch agency appropriations or appropriations to | |
305 | - | The Oklahoma State System of Higher Education . Appropriations made | |
306 | - | from said Fund shall be considered special appropriations. | |
307 | 300 | 6. a. Up to three-eighths (3/8) of the balance at the | |
308 | 301 | beginning of the current fiscal year in the | |
309 | 302 | Constitutional Reserve Fund may be appropriated for | |
310 | 303 | the forthcoming fiscal year, when the certification by | |
311 | 304 | the State Board of Equalization for said forthcoming | |
312 | 305 | fiscal year General Revenue Fund is less than that of | |
313 | 306 | the current fiscal year certification. In no event | |
314 | 307 | shall the amount of monies appropriated from the | |
315 | 308 | Constitutional Reserve Fund be in excess of the | |
316 | 309 | difference between the two said certifications. | |
317 | 310 | b. (1) In years when the provisions of subparagraph a of | |
318 | 311 | this paragraph are not applicable and the balan ce | |
319 | 312 | at the beginning of the current fiscal year in | |
320 | 313 | the Constitutional Reserve Fund is equal to or | |
321 | 314 | greater than Eighty Million Dollars | |
322 | 315 | ($80,000,000.00), up to Ten Million Dollars | |
323 | 316 | ($10,000,000.00) may be expended for the purpose | |
324 | 317 | of providing incentives to sup port retention of | |
318 | + | at-risk manufacturing establishments in this | |
319 | + | state in order to retain employment for residents | |
320 | + | of this state. Such incentives shall be paid by | |
321 | + | the Oklahoma Tax Commission upon a unanimous | |
322 | + | finding by the Governor, the Speaker of the House | |
325 | 323 | ||
326 | - | ENGR. H. J. R. NO. 1001 Page 7 1 | |
324 | + | HJR1001 HFLR Page 7 | |
325 | + | BOLD FACE denotes Committee Amendments. 1 | |
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351 | - | at-risk manufacturing establishments in this | |
352 | - | state in order to retain employment for residents | |
353 | - | of this state. Such incentives shall be paid by | |
354 | - | the Oklahoma Tax Commission upon a unanimous | |
355 | - | finding by the Governor, the Speaker of the House | |
356 | 350 | of Representatives and the President Pro Tempore | |
357 | 351 | of the Senate that: | |
358 | 352 | (a) such incentives have been recommended by an | |
359 | 353 | independent committee created by the | |
360 | 354 | Legislature for such purposes as provided | |
361 | 355 | herein pursuant to criteria set out by law, | |
362 | 356 | (b) the incentive will result in a substantial | |
363 | 357 | benefit to this state, and | |
364 | 358 | (c) payment of the incentive would be in | |
365 | 359 | accordance with the provisions of this | |
366 | 360 | subparagraph and laws enacted to implement | |
367 | 361 | provisions of this subparagraph. | |
368 | 362 | (2) The independent committee will be com posed of not | |
369 | 363 | less than seven (7) people appointed or otherwise | |
370 | 364 | determined pursuant to laws enacted by the | |
371 | 365 | Legislature providing for membership on the | |
372 | 366 | committee. The committee shall make | |
373 | 367 | recommendations to the Governor, the Speaker of | |
374 | 368 | the House of Represen tatives and the President | |
369 | + | Pro Tempore of the Senate for the awarding of | |
370 | + | incentives. Such recommendations shall give | |
371 | + | priority to establishments which: | |
372 | + | (a) are at greater risk of losing jobs because | |
373 | + | the plant is no longer competitive or | |
375 | 374 | ||
376 | - | ENGR. H. J. R. NO. 1001 Page 8 1 | |
375 | + | HJR1001 HFLR Page 8 | |
376 | + | BOLD FACE denotes Committee Amendments. 1 | |
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401 | - | Pro Tempore of the Senate for the awarding of | |
402 | - | incentives. Such recommendations shall give | |
403 | - | priority to establishments which: | |
404 | - | (a) are at greater risk of losing jobs because | |
405 | - | the plant is no longer competitive or | |
406 | 401 | leaving the state an d thereby causing the | |
407 | 402 | loss of more employment in this state than | |
408 | 403 | other eligible recipients, and | |
409 | 404 | (b) provide the largest economic impact to the | |
410 | 405 | state. | |
411 | 406 | (3) For any fiscal year, the incentives shall not | |
412 | 407 | exceed ten percent (10%) of the amount invested | |
413 | 408 | by an establishment in capital assets to be | |
414 | 409 | utilized in this state. Incentives may only be | |
415 | 410 | paid pursuant to an investment contract between | |
416 | 411 | the establishment and a state agency designated | |
417 | 412 | by law, which provides for a specified amount of | |
418 | 413 | investment in a capital ass et to be made by the | |
419 | 414 | establishment over a period of not to exceed five | |
420 | 415 | (5) years. No incentive payment shall be made | |
421 | 416 | prior to the actual investment by the | |
422 | 417 | establishment. The contract shall make payment | |
423 | 418 | of any incentives in any fiscal year contingent | |
424 | 419 | on the balance at the beginning of such fiscal | |
420 | + | year in the Constitutional Reserve Fund being | |
421 | + | equal to or greater than Eighty Million Dollars | |
422 | + | ($80,000,000.00) and on the certification by the | |
423 | + | State Board of Equalization for such fiscal year | |
424 | + | of the amount availab le for appropriation from | |
425 | 425 | ||
426 | - | ENGR. H. J. R. NO. 1001 Page 9 1 | |
426 | + | HJR1001 HFLR Page 9 | |
427 | + | BOLD FACE denotes Committee Amendments. 1 | |
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451 | - | year in the Constitutional Reserve Fund being | |
452 | - | equal to or greater than Eighty Million Dollars | |
453 | - | ($80,000,000.00) and on the certification by the | |
454 | - | State Board of Equali zation for such fiscal year | |
455 | - | of the amount available for appropriation from | |
456 | 452 | the General Revenue Fund being greater than the | |
457 | 453 | amount certified for the preceding fiscal year. | |
458 | 454 | Investment contracts authorized by this | |
459 | 455 | subparagraph shall provide that if any incentive | |
460 | 456 | payment is payable during a fiscal year in w hich | |
461 | 457 | either the balance at the beginning of the fiscal | |
462 | 458 | year in the Constitutional Reserve Fund is not | |
463 | 459 | equal to or greater than Eighty Million Dollars | |
464 | 460 | ($80,000,000.00) or when the certification by the | |
465 | 461 | State Board of Equalization for such fiscal year | |
466 | 462 | General Revenue Fund is less than that of the | |
467 | 463 | immediately prior fiscal year certification, then | |
468 | 464 | any incentive payments which would have been | |
469 | 465 | payable during such fiscal year shall be payable | |
470 | 466 | in the first fiscal year when funds are available | |
471 | 467 | pursuant to the provisi ons of division (1) of | |
472 | 468 | this subparagraph. In the event that the amount | |
473 | 469 | of incentives payable under investment contracts | |
474 | 470 | authorized by this subparagraph is greater than | |
471 | + | the amounts available for payment under this | |
472 | + | subparagraph in a fiscal year, then no new | |
473 | + | contracts may be authorized during such year and | |
474 | + | incentive payments which are made shall be | |
475 | + | reduced pro rata as necessary to apply all | |
475 | 476 | ||
476 | - | ENGR. H. J. R. NO. 1001 Page 10 1 | |
477 | + | HJR1001 HFLR Page 10 | |
478 | + | BOLD FACE denotes Committee Amendments. 1 | |
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500 | 502 | ||
501 | - | the amounts available for payment unde r this | |
502 | - | subparagraph in a fiscal year, then no new | |
503 | - | contracts may be authorized during such year and | |
504 | - | incentive payments which are made shall be | |
505 | - | reduced pro rata as necessary to apply all | |
506 | 503 | available funds to incentive payments which are | |
507 | 504 | payable in such year. | |
508 | 505 | (4) The Legislature is authorized to enact laws | |
509 | 506 | necessary to implement the provisions of this | |
510 | 507 | section. | |
511 | 508 | 7. Up to three-eighths (3/8) of the balance at the beginning of | |
512 | 509 | the current fiscal year in the Constitutional Reserve Fund may be | |
513 | 510 | appropriated for the current fiscal year if the State Board of | |
514 | 511 | Equalization determines that a revenue failure has occurred with | |
515 | 512 | respect to the General Revenue Fund of the State Treasury. In no | |
516 | 513 | event shall the amount of monies appropriated from the | |
517 | 514 | Constitutional Reserve Fund pursuant to this paragraph be in excess | |
518 | 515 | of the amount of the projected revenue failure in the General | |
519 | 516 | Revenue Fund, which total amount shall be computed by the State | |
520 | 517 | Board of Equalization, for the entire fiscal year. Monies | |
521 | 518 | appropriated to any state governmental entity from the | |
522 | 519 | Constitutional Reserve Fund pursuant to this paragraph may only be | |
523 | 520 | made in order to ensure that the monies actually received by the | |
524 | 521 | entity for the then current fiscal year are equal to or less than, | |
522 | + | but not in excess of, the total appropriation amount for such entity | |
523 | + | in effect at the beginning of the then current fiscal year. | |
524 | + | 8. Up to one-quarter (1/4) of the balance at the beginning of | |
525 | + | the current fiscal year in the Constitutional Reserve Fund may be | |
526 | + | appropriated, upon a declaration by the Governor that emergency | |
525 | 527 | ||
526 | - | ENGR. H. J. R. NO. 1001 Page 11 1 | |
528 | + | HJR1001 HFLR Page 11 | |
529 | + | BOLD FACE denotes Committee Amendments. 1 | |
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550 | 553 | ||
551 | - | but not in excess of, the total app ropriation amount for such entity | |
552 | - | in effect at the beginning of the then current fiscal year. | |
553 | - | 8. Up to one-quarter (1/4) of the balance at the beginning of | |
554 | - | the current fiscal year in the Constitutional Reserve Fund may be | |
555 | - | appropriated, upon a declaration by the Governor that emergency | |
556 | 554 | conditions exist, with concurrence of the Legislature by a | |
557 | 555 | two-thirds (2/3) vote of the House of Representatives and Senate for | |
558 | 556 | the appropriation; or said one -quarter (1/4) could be appropriated | |
559 | 557 | upon a joint declaration of emergency conditions by the Speaker of | |
560 | 558 | the House of Representatives and the President Pro Tempore of the | |
561 | 559 | Senate, with a concurrence of a three -fourths (3/4) vote of the | |
562 | 560 | House of Representatives and Senate. | |
563 | 561 | 9. That portion of every appropriation, at the end of each | |
564 | 562 | fiscal year, in excess of actual revenues collected and allocated | |
565 | 563 | thereto, as hereinafter provided, shall be null and void. Revenues | |
566 | 564 | deposited in the State Treasury to the credit of the General Revenue | |
567 | 565 | Fund or of any special fund (which derives its revenue in whole or | |
568 | 566 | in part from state taxes or fees) shall, except as to principal and | |
569 | 567 | interest on the public debt, be allocated monthly to each | |
570 | 568 | department, institution, board, commission or special appropriation | |
571 | 569 | on a percentage basis, in that ratio that the total appropriation | |
572 | 570 | for such department, in stitution, board, commission or special | |
573 | 571 | appropriation from each fund for that fiscal year bears to the total | |
574 | 572 | of all appropriations from each fund for that fiscal year, and no | |
573 | + | warrant shall be issued in excess of said allocation. Any | |
574 | + | department, institutio n or agency of the state operating on revenues | |
575 | + | derived from any law or laws which allocate the revenues thereof to | |
576 | + | such department, institution or agency shall not incur obligations | |
577 | + | in excess of the unencumbered balance of cash on hand. Nothing in | |
575 | 578 | ||
576 | - | ENGR. H. J. R. NO. 1001 Page 12 1 | |
579 | + | HJR1001 HFLR Page 12 | |
580 | + | BOLD FACE denotes Committee Amendments. 1 | |
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600 | 604 | ||
601 | - | warrant shall be issued in exces s of said allocation. Any | |
602 | - | department, institution or agency of the state operating on revenues | |
603 | - | derived from any law or laws which allocate the revenues thereof to | |
604 | - | such department, institution or agency shall not incur obligations | |
605 | - | in excess of the unencumb ered balance of cash on hand. Nothing in | |
606 | 605 | this section shall prevent, under such conditions and limitations as | |
607 | 606 | shall be prescribed by law, the governing board of an institution of | |
608 | 607 | higher education within The Oklahoma State System of Higher | |
609 | 608 | Education from contracting with a president of such institution o f | |
610 | 609 | higher education for periods extending more than one (1) year, but | |
611 | 610 | not to exceed three (3) years beyond the fiscal year in which the | |
612 | 611 | contract is signed. | |
613 | 612 | 10. The Legislature shall provide a method whereby | |
614 | 613 | appropriations shall be divided and set up on a m onthly, quarterly | |
615 | 614 | or semiannual basis within each fiscal year to prevent obligations | |
616 | 615 | being incurred in excess of the revenue to be collected, and | |
617 | 616 | notwithstanding other provisions of this Constitution, the | |
618 | 617 | Legislature shall provide that all appropriations s hall be reduced | |
619 | 618 | to bring them within revenues actually collected, but all such | |
620 | 619 | reductions shall apply to each department, institution, board, | |
621 | 620 | commission or special appropriation made by the State Legislature in | |
622 | 621 | the ratio that its total appropriation for th at fiscal year bears to | |
623 | 622 | the total of all appropriations from that fund for that fiscal year; | |
624 | 623 | provided, however, that the Governor shall have discretion to issue | |
624 | + | deficiency certificates to the State Treasurer for the benefit of | |
625 | + | any department, institution o r agency of the state, if the amount of | |
626 | + | such deficiency certificates be within the limit of the current | |
627 | + | appropriation for that department, institution or agency, whereupon | |
628 | + | the State Treasurer shall issue warrants to the extent of such | |
625 | 629 | ||
626 | - | ENGR. H. J. R. NO. 1001 Page 13 1 | |
630 | + | HJR1001 HFLR Page 13 | |
631 | + | BOLD FACE denotes Committee Amendments. 1 | |
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650 | 655 | ||
651 | - | deficiency certificates to the State Treasurer for the benefit of | |
652 | - | any department, institution or agency of the state, if the amount of | |
653 | - | such deficiency certificates be within the limit of the current | |
654 | - | appropriation for that department, institution or agency, whereupon | |
655 | - | the State Treasurer shall issue war rants to the extent of such | |
656 | 656 | certificates for the payment of such claims as may be authorized by | |
657 | 657 | the Governor, and such warrants shall become a part of the public | |
658 | 658 | debt and shall be paid out of any money appropriated by the | |
659 | 659 | Legislature and made lawfully available therefor; provided further, | |
660 | 660 | that in no event shall said deficiency certificates exceed in the | |
661 | 661 | aggregate the sum of Five Hundred Thousand Dollars ($500,000.00) in | |
662 | 662 | any fiscal year. | |
663 | 663 | SECTION 2. The Ballot Title for the proposed Constitutional | |
664 | 664 | amendment as set forth in SECTION 1 of this resolution shall be in | |
665 | 665 | the following form: | |
666 | 666 | BALLOT TITLE | |
667 | 667 | Legislative Referendum No. ____ State Question No. ____ | |
668 | 668 | THE GIST OF THE PROPOSITION IS AS FOLLOWS: | |
669 | 669 | This measure amends the Oklahoma Constitution. It amends | |
670 | 670 | Section 23 of Article 10. The Constitutio nal Reserve Fund is | |
671 | 671 | also known as the Rainy Day Fund. The Fund has a maximum | |
672 | 672 | allowed balance. This measure changes the way the maximum | |
673 | 673 | balance amount would be computed. Instead of using revenue | |
674 | 674 | estimates provided by the State Board of Equalization for t he | |
675 | + | annual appropriations process, the maximum balance allowed for | |
676 | + | the Rainy Day Fund would be based on a percentage of total state | |
677 | + | expenditures. Total expenditures would include all appropriated | |
678 | + | monies and federal funds. Total expenditures would exclude | |
679 | + | money from revolving funds which are used by state agencies. | |
675 | 680 | ||
676 | - | ENGR. H. J. R. NO. 1001 Page 14 1 | |
681 | + | HJR1001 HFLR Page 14 | |
682 | + | BOLD FACE denotes Committee Amendments. 1 | |
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700 | 706 | ||
701 | - | annual appropriations process, the maximum balance allowed for | |
702 | - | the Rainy Day Fund would be based on a percentage of total state | |
703 | - | expenditures. Total expenditures would include all appropriated | |
704 | - | monies and federal funds. Total expenditures would exclude | |
705 | - | money from revolving funds which are used by state agencies. | |
706 | 707 | Total expenditures would exclude fees or similar charges that | |
707 | 708 | were not derived from tax revenue. Total expenditures would | |
708 | 709 | exclude money obtained by issuing state government bonds. | |
709 | 710 | SHALL THE PROPOSAL BE APPROVED? | |
710 | 711 | FOR THE PROPOSAL — YES _____________ | |
711 | 712 | AGAINST THE PROPOSAL — NO _____________ | |
712 | 713 | SECTION 3. The Chief Clerk of the House of Representatives, | |
713 | 714 | immediately after the passage of this resolution, shall prepare and | |
714 | 715 | file one copy thereof, including the Ballot Title set forth in | |
715 | 716 | SECTION 2 hereof, with the Secretary of State and one copy with the | |
716 | 717 | Attorney General. | |
717 | - | Passed the House of Representatives the 11th day of March, 2021. | |
718 | 718 | ||
719 | - | ||
720 | - | ||
721 | - | ||
722 | - | Presiding Officer of the House | |
723 | - | of Representatives | |
724 | - | ||
725 | - | ||
726 | - | Passed the Senate the ___ day of __________, 2021. | |
727 | - | ||
728 | - | ||
729 | - | ||
730 | - | ||
731 | - | Presiding Officer of the Senate | |
719 | + | COMMITTEE REPORT BY: COMMITTEE ON RULES, dated 02/16/2021 - DO PASS, | |
720 | + | As Coauthored. |