Reference is to the bill as introduced.
Amend the bill, as and if amended, in Section 11-11-415(A), as contained in SECTION 1, beginning on page 1, by striking item (1) and inserting:
/ (1) In addition to
all other applicable constitutional and statutory limitations on
general fund appropriations, notwithstanding any other
provisions of law, and only to the extent that the limit on
general fund appropriations for a fiscal year imposed by this
subsection is lower than the annual limit imposed pursuant to
Section 7(c) of the Constitution of this State and Section
11-11-410, total general fund appropriations for the fiscal
year, excluding the constitutional and statutory requirements of
the State, may not exceed the lesser of:
(a)
one hundred six percent of the adjusted base-year
estimate; or
(b)
the adjusted base-year estimate increased by a percentage
equal to the state's growth in population applied ratably over
the period of the decennial United States census assuming a rate
of increase equal to the rate in the most recently completed
United States census for which population figures are available
over the next preceding census and a percentage equal to the
increase, if any, in the consumer price index in the most
recently ended federal fiscal year, as determined by the Bureau
of Labor Statistics of the United States Department of Labor.
/
Renumber sections to conform.
Amend title to conform.