Bill Summary for S 13 (2011-2012)

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Bill: BALANCED BUDGET ACT OF 2011.

Summary date: 

Jan 31 2011

Bill Information:

View NCGA Bill Details2011-2012 Session
Senate Bill 13 (Public) Filed Monday, January 31, 2011
TO ENACT THE BALANCED BUDGET ACT OF 2011.
Intro. by Stevens, Brunstetter.

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Bill summary

Authorizes the Governor (Director of the Budget) to take necessary actions to reduce General Fund expenditures for the remainder of the 2010-11 fiscal year with a goal of reducing spending by at least $400 million. Authority includes exercising the powers to balance the budget granted to the Governor under Article II, Section 5, of the State Constitution. Applies only to fiscal year 2010-11.