Chapter
001
2007 -- H 5100
Enacted 01/24/07
A N A C T
RELATING TO PUBLIC
FINANCE -- STATE BUDGET
Introduced By: Representatives Watson, and Fox
Date Introduced: January
17, 2007
It is
enacted by the General Assembly as follows:
SECTION
1. Section 35-3-7 of the General Laws in Chapter 35-3 entitled "State
Budget"
is
hereby amended to read as follows:
35-3-7.
Submission of budget to general assembly -- Contents. -- (a) On or
before the
third
Thursday in January in each year of each January session of the general
assembly, the
governor
shall submit to the general assembly a budget containing a complete plan of
estimated
revenues
and proposed expenditures, with a personnel supplement detailing the number and
titles
of
positions of each agency and the estimates of personnel costs for the next
fiscal year. Provided,
however,
in those years that a new governor is inaugurated, the new governor shall
submit the
budget
on or before the first Thursday in February. In the budget the governor may set
forth in
summary
and detail:
(1) Estimates of the receipts of the state during the ensuing fiscal year under
laws
existing
at the time the budget is transmitted and also under the revenue proposals, if
any,
contained
in the budget, and comparisons with the estimated receipts of the state during
the
current
fiscal year, as well as actual receipts of the state for the last two (2)
completed fiscal
years.
(2) Estimates of the expenditures and appropriations necessary in the
governor's
judgment
for the support of the state government for the ensuing fiscal year, and
comparisons
with
appropriations for expenditures during the current fiscal year, as well as
actual expenditures
of the
state for the last two (2) complete fiscal years.
(3) Financial statements of the
(i) Condition of the treasury at the end of the last completed fiscal year;
(ii) The estimated condition of the treasury at the end of the current fiscal
year; and
(iii) Estimated condition of the treasury at the end of the ensuing fiscal year
if the
financial
proposals contained in the budget are adopted.
(4) All essential facts regarding the bonded and other indebtedness of the
state.
(5) A report indicating those program revenues and expenditures whose funding
source
is
proposed to be changed from state appropriations to restricted receipts, or
from restricted
receipts
to other funding sources.
(6) Such other financial statements and data as in the governor's opinion are
necessary or
desirable.
(b) Any other provision of the general laws to the contrary notwithstanding,
the proposed
appropriations
submitted by the governor to the general assembly for the next ensuing fiscal
year
should
not be more than five and one-half percent (5.5%) in excess of total state
appropriations,
excluding
any estimated supplemental appropriations, enacted by the general assembly for
the
fiscal
year previous to that for which the proposed appropriations are being
submitted; provided,
that the
increased state share provisions required to achieve fifty percent (50%) state
financing of
local
school operations as provided for in P.L. 1985, ch. 182, shall be excluded from
the
definition
of total appropriations.
(c) Notwithstanding the provisions of subsection 35-3-7(a), the governor shall
submit to
the
general assembly a budget for the fiscal year ending June 30, 2006 not later
than the fourth
(4th)
Thursday in January 2005.
(d) Notwithstanding the provisions of subsection 35-3-7(a), the governor shall
submit to
the
general assembly a supplemental budget for the fiscal year ending June 30, 2006
and/or a
budget
for the fiscal year ending June 30, 2007 not later than Thursday, January 26,
2006.
(e)
Notwithstanding the provisions of subsection 35-3-7(a), the governor shall
submit to
the
general assembly a supplemental budget for the fiscal year ending June 30, 2007
and/or a
budget
for the fiscal year ending June 30, 2008 not later than Wednesday, January 31,
2007.
SECTION
2. This act shall take effect upon passage.
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LC00676
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