Bill Summary for S 109 (2011-2012)

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Bill: SPENDING CUTS FOR THE CURRENT FISCAL YEAR.

Summary date: 

Feb 22 2011
S.L. 2011-15

Bill Information:

View NCGA Bill Details2011-2012 Session
Senate Bill 109 (Public) Filed Tuesday, February 22, 2011
TO REQUIRE THE GOVERNOR TO CUT SPENDING FOR THE CURRENT FISCAL YEAR.
Intro. by Stevens, Brunstetter, Hunt.

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Bill summary

Requires the Governor to increase General Fund availability for 2011-12 by $537,740,799 by (1) taking all actions necessary to reduce General Fund expenditures for the remainder of the 2010-11 fiscal year, and (2) identifying funds in non-General Fund accounts for transfer to the General Fund on June 30, 2011. Provides that funds available to the Judicial and Legislative branches are not included. Effective for the 2010-11 fiscal year only.