SF0141

Official summary

Summary for LSO115 Bill No.: SF0141 Effective : 7/1/2015 LSO No.: 15LSO-0255 Enrolled Act No.: SEA 88 Chapter No.: 180 Prime Sponsor: Nicholas, P. Catch Title: State budget development. Subject: Provides provisions for the development and interpretation of the S tate budget and budget bill. Summary/Major Elements: This act clarifies that in preparing the S tate budget, including any supplemental or emergency changes to the budget, the G overnor shall recommend to the L egislature that not less than 5% of the estimated G eneral F und receipts for the next biennial period shall be appropriated from the G eneral F und to the budget reserve account. Specifies the G overnor’s recommended biennial budget shall not exceed the total estimated revenues for the biennial period and ex cludes from those “total estimated revenues ” funds within: The permanent Wyoming Mineral Trust Find Reserve Account (W.S. 9-4-719(b)); T he common school permanent fund reserve account ( W.S. 9-4-719(f)); or 5% of the estimated G eneral F und receipts for the next biennial period appropriated to the budget reserve account (W.S. 9-2-1012(e)). Specifies to the extent not inconsistent with any enacted law or clear legislative intent to the contrary , the following material will be used to guide the interpretation and implementation of the budget bill: Each agency’s budget request as recommended by the governor to the JAC; Any other budgetary explanatory material submitted to the JAC by the G overnor; The budget hearings before the JAC. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.