HB 423/FN (BR 1179) - R. Rand
AN ACT relating to the budget of the Commonwealth.
Amend KRS 48.010 to add definitions for "consensus forecast group""revenue shortfall" and "revenue surplus"; amend KRS 48.110 to set forth requirements for submission of a budget reduction plan by the branches of government; amend KRS 48.115 to clarify language and provide that the budget reduction plan or surplus expenditure plan may be implemented only upon the issuance of an official revenue estimate from the consensus forecasting group; amend KRS 48.120 to set forth provisions relating to the planning report and clarify language; provide that the revenue estimate used in the enacted budget shall be the official revenue estimate until revised by the consensus forecasting group; amend KRS 48.130 to clarify language and provide that any official revenue estimate issued by the consensus forecasting group reflecting a projected or actual reduction in general fund or road fund receipts in excess of 5 percent shall require further action by the General Assembly; amend KRS 48.140 to clarify provisions relating to the surplus expenditure plan; amend KRS 48.400 to clarify language; amend KRS 48.600, 48.705, 11.068, 18A.1132, 41.010, 42.409, 42.500, and 56.8605 to conform; repeal KRS 48.117.
HB 423 - AMENDMENTS
HCS/FN - Retain original provisions; further clarify various provisions of KRS Chapter 48 and include additional conforming amendments.
SCS/FN - Retain original provisions; amend KRS 48.110 to require, as a separate submission, a branch budget for the Transportation Cabinet, which shall include, as a separate bill, the biennial highway construction plan as well as a separate 6 year road plan; amend KRS 48.300 to require the enactment of a separate branch budget for the Transportation Cabinet, the enactment of a separate biennial highway construction plan, and the adoption of the 6 year road plan as a joint resolution; amend the provisions of KRS 176.010, 176.430, 176.440, and 176.525 to conform; make other conforming amendments to various sections of the KRS.
Feb 11-introduced in House
Feb 12-to Appropriations & Revenue (H)
Feb 13-posted in committee
Feb 24-reported favorably, 1st reading, to Calendar with Committee Substitute
Feb 25-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Thursday, February 26, 2009
Feb 26-3rd reading, passed 94-0 with Committee Substitute
Feb 27-received in Senate
Mar 3-to Appropriations & Revenue (S)
Mar 5-taken from committee; 1st reading; returned to Appropriations & Revenue (S)
Mar 6-taken from committee; 2nd reading; returned to Appropriations & Revenue (S)
Mar 12-reported favorably, to Rules with Committee Substitute ; posted for passage in the Regular Orders of the Day for Thursday, March 12, 2009; 3rd reading, passed 38-0 with Committee Substitute ; received in House
Mar 13-posted for passage for concurrence in Senate Committee Substitute ; House concurred in Senate Committee Substitute ; passed 95-0; enrolled, signed by each presiding officer; delivered to Governor
Mar 24-signed by Governor (Act ch. 78)