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2017 Regular Session



Fiscal Responsibility Act of 2017

Sponsored by:



In the House - Unfavorable Report by Appropriations

Synopsis:Requiring the Bureau of Revenue Estimates to calculate a specified share of and a specified limit on specified nonwithholding income tax revenues and requiring the Bureau to report the information to the Board of Revenue Estimates; requiring the State Comptroller to make a specified distribution to the Revenue Stabilization Account under specified circumstances; establishing the Fiscal Responsibility Fund and requiring the State Comptroller to make a specified distribution to the Fund under specified circumstances; etc.
Analysis:Fiscal and Policy Note
All Sponsors:The Speaker (By Request - Administration)
Additional Facts:Cross-filed with: SB0306
Bill File Type: Regular
Effective Date(s): June 1, 2017
Bill imposes a mandated appropriation in the annual State Budget Bill
By Request of the Governor
Appropriations  View Committee Hearing
Broad Subject(s):Operating Budget
State Government - General Assembly
Narrow Subject(s):Budgets -see also- Capital Budgets
Committees and Commissions -see also- Political Committees
Records -see also- Land Records; Vital Records
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Statutes:Article - State Finance and Procurement
(6-104, 7-117, 7-311, 7-329)

How a Bill Becomes Law

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Explanation of Floor Motions and Actions

November 28, 2017 1:00 P.M.