View Amendment Current Amendment: 1 to Bill 3368 THE WAYS AND MEANS COMMITTEE proposes the following Amendment No. 1 to H. 3368 (COUNCIL\BBM\10089HTC11):

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.