Bill Summaries: S847 BUDGET STABILITY AND CONTINUITY ACT OF 2016.

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  • Summary date: May 11 2016 - View Summary

    Amends GS 143C-5-4, previously titled Enactment deadline, now renamed Enactment deadline; procedures to be followed when the Current Operations Appropriations Act does not become law prior to the end of certain fiscal years. Makes organizational changes and adds new subsection (b) - If Appropriations Act Does Not Become law Prior to End of Certain Fiscal Years - establishing and setting out nine specified procedures and limitations that must apply when a fiscal year begins and a current operations appropriations act is not law, including that the Director of the Budget can continue with allocations as long as they don't exceed the level of recurring expenditures from the prior fiscal year, and vacant positions in the General Assembly are not filled. Further restricts any public school employee that is paid on the teacher salary schedule or school based administrator schedule from moving up salary schedules or automatic step increases. Also includes provisions governing State employee salaries, State employer contribution rate, statutory transfers to reserves, and expenditure of Federal Block Grants and other grant funds.