JOINT RESOLUTION · 2007–08 SESSION

HJR 4202: Budget stabilization account

Creating the budget stabilization account in the state Constitution.

Summary

  • Amends the state constitution to establish a Budget Stabilization Account, into which one percent of general state revenues is deposited annually.
  • Authorizes the Legislature to appropriate from the Budget Stabilization Account with a majority vote if forecasted employment growth is less than 1 percent or upon certain declarations of emergency, and with a three-fifths vote otherwise.

From the House Bill Analysis 2007 (HJR 4202), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 10, 2007
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Sent to voters
Prime sponsor
Ross Hunter (D-48)
Introduced
January 10, 2007 in the House
Last action
January 14, 2008
Requested by
Governor
Companion bill
SJR 8206

Sponsors

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. First reading, referred to Appropriations.

HJR 4202 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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