/ SECTION ___. Section 11-9-890(B) of the 1976 Code is amended to read:
"(B) If at the end of the first, second, or third quarter of any fiscal year quarterly revenue collections are
two percent or more below the amount projected for that quarter by the Board of Economic Advisors, the State Budget and Control Board General Assembly, within seven twenty days of that determination, shall take action to avoid a year-end deficit. If the quarterly revenue projections are below the amount projected, the President Pro Tempore of the Senate and the Speaker of the House of Representatives must call each respective house into session to take action to avoid a year-end deficit. Notwithstanding Section 1-11-495, if the State Budget and Control Board does not take unanimous action within seven days, the Director of the Office of State Budget must reduce general fund appropriations by the requisite amount in the manner prescribed by law. Upon making the reduction, the Director of the Office of State Budget immediately must notify the State Treasurer and the Comptroller General of the reduction, and upon notification, the appropriations are considered reduced. No agencies, departments, institutions, activity, program, item, special appropriation, or allocation for which the General Assembly has provided funding in any part of this section may be discontinued, deleted, or deferred by the Director of the Office of State Budget. A reduction of rate of expenditure by the Director of the Office of State Budget, under authority of this section, must be applied as uniformly as shall be practicable, except that no reduction must be applied to funds encumbered by a written contract with the agency, department, or institution not connected with state government." /
Renumber sections to conform.
Amend title to conform.