Bill Summaries: S469 AMEND STATE BUDGET ACT - TECH.

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  • Summary date: Mar 27 2013 - View Summary

    Amends GS 143C-1-1(d)(19), clarifying that nontax revenue is revenue that is not a tax proceed or a departmental receipt that is required by statute to be credited to a fund (was, General Fund).

    Amends GS 143C-1-1(d)(30), clarifying that unreserved fund balance is cash balance (previously, General Fund cash balance) effective June 30 after excluding documented encumbrances, unearned revenue, statutory requirements, and other legal obligations to a fund's cash balance (previously, General Fund cash).

    Amends GS 143C-1-3(c), deleting GS 116-238 (previously repealed) from the list of funds that Article 8 of GS 143C apply to.

    Amends GS 143C-3-5(e), changing subsection title to Availability Estimates (was, Revenue Estimate).

    Amends GS 143C-9-6, changing section title to JDIG Reserve (was, JDIG Reserve Fund). Makes technical change.

    Amends GS 143C-9-8(a), making a technical change.

    Effective July 1, 2013.