PART IV. [OLD] DETERMINATIONS OF EXCLUSIONS

FROM THETOTAL INDEBTEDNESS OF THE

STATE ANDCERTIFICATION THEREOF

 

§§39-91 to 99  REPEALED.  L 1979, c 57,§9.

 

PART IV. STATE DEBT LIMIT STATEMENT AND

THEDETERMINATION OF TOTAL OUTSTANDING INDEBTEDNESS,

THEEXCLUSIONS THEREFROM, AND CERTIFICATION THEREOF

 

§39-91  Definitions.  As used in thispart, the following words and terms shall have the following meanings:

"Fiscal year" means the twelvemonths' period beginning on July 1 of one calendar year and ending onJune 30 of the next succeeding calendar year.

"Net general fund revenues" means forany fiscal year the amount of moneys paid into the general fund in the fiscalyear, less the amounts paid therein in the fiscal year (1) received as grantsfrom the federal government and (2) in reimbursement of the payment therefromduring such year of the principal of and interest on reimbursable generalobligation bonds of the State that are excluded in determining the power of theState to issue general obligation bonds for the purposes of section 13 ofArticle VII of the Constitution.

As used in this part, the words and terms"bonds", "general obligation bonds", "netrevenue", "net user tax receipts", "person","reimbursable general obligation bonds", "revenue bonds","special purpose revenue bonds", and "user tax" shall havethe respective meanings and inclusions given to such words and terms in section12 of Article VII of the Constitution. [L 1979, c 57, pt of §10]