Bill Summary for H 548 (2015-2016)

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Bill: CONFORMING CHANGES/CONSTITUTIONAL AMEND. (NEW)

Summary date: 

Jun 30 2016

Bill Information:

View NCGA Bill Details2015-2016 Session
House Bill 548 (Public) Filed Thursday, April 2, 2015
AN ACT TO PROVIDE CONFORMING CHANGES UPON THE VOTERS' APPROVAL OF AMENDMENTS TO THE NORTH CAROLINA CONSTITUTION TO PROHIBIT CONDEMNATION OF PRIVATE PROPERTY EXCEPT FOR A PUBLIC USE AND FOR THE PAYMENT OF JUST COMPENSATION WITH RIGHT OF TRIAL BY JURY IN ALL CONDEMNATION CASES, TO PROVIDE FOR TAXPAYER PROTECTIONS THAT ESTABLISH A STATE EMERGENCY SAVINGS RESERVE FUND, AND TO PROTECT THE RIGHT OF THE PEOPLE TO HUNT, FISH, AND HARVEST WILDLIFE.
Intro. by Stam, Bryan, Hamilton.

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Bill summary

Senate amendment makes the following changes to the 4th edition.

Amends GS 143C-4-2 to require the General Assembly and State to accumulate (was, accumulate and maintain) a balance in the Emergency Savings Reserve Fund of at least 12.5% of the amount reserved from the General Fund for capital and operating expenses for the prior fiscal year.