PART V. GENERAL FUND EXPENDITURE CEILING

 

§§37-91 to 94 [OLD]  REPEALED.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

 

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

"Expenditure ceiling" means themaximum general fund appropriations allowed in any year.  The expenditureceiling shall be determined by considering the fiscal year 1978-1979 generalfund appropriations as the expenditure ceiling.  The expenditure ceiling forsucceeding fiscal years shall be computed by adjusting the immediate priorfiscal year expenditure ceiling by the applicable state growth.  When revisionsare made to the total state personal income, the expenditure ceiling shall berecalculated on the basis of the latest available data, going back to fiscalyear 1978-1979.

"General fund" means the fund used toaccount for all transactions which are not accounted for in another fund, butexcluding federal funds received by that fund.

"State growth" means the estimatedrate of growth of the State's economy and shall be established by averaging theannual percentage change in total state personal income for the three calendaryears immediately preceding the fiscal year for which appropriations from thestate general fund are to be made.  When revisions are made to total statepersonal income, state growth shall be recalculated on the basis of the latestavailable data.

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

 

Attorney General Opinions

 

  "Expenditure ceiling" distinguished fromappropriation ceiling.  Att. Gen. Op. 85-17.