PART V. 
GENERAL FUND EXPENDITURE CEILING



 



§§37-91 to 94 [OLD]  REPEALED.  L 1984,
c 183, §4.



 



§37-91  Definitions.  As used in
sections 37-92 to 37-94:



"Expenditure ceiling" means the
maximum general fund appropriations allowed in any year.  The expenditure
ceiling shall be determined by considering the fiscal year 1978-1979 general
fund appropriations as the expenditure ceiling.  The expenditure ceiling for
succeeding fiscal years shall be computed by adjusting the immediate prior
fiscal year expenditure ceiling by the applicable state growth.  When revisions
are made to the total state personal income, the expenditure ceiling shall be
recalculated on the basis of the latest available data, going back to fiscal
year 1978-1979.



"General fund" means the fund used to
account for all transactions which are not accounted for in another fund, but
excluding federal funds received by that fund.



"State growth" means the estimated
rate of growth of the State's economy and shall be established by averaging the
annual percentage change in total state personal income for the three calendar
years immediately preceding the fiscal year for which appropriations from the
state general fund are to be made.  When revisions are made to total state
personal income, state growth shall be recalculated on the basis of the latest
available data.



"Total state personal income" means
the total state personal income as defined by the state personal income series
published by the United States Department of Commerce, Social and Economic
Statistics Administration, Bureau of Economic Analysis, or its successor, for
each year for which such income has been determined and published, including
all revisions to the series.  For the current and next succeeding calendar year
for which such income has not been determined or published, it shall mean the
total state personal income for such year as estimated by the council on
revenues. [L Sp 1986, c 1, pt of §1; am L 1987, c 136, §2]



 



Attorney General Opinions



 



  "Expenditure ceiling" distinguished from
appropriation ceiling.  Att. Gen. Op. 85-17.