finances; technical
correction
SB 1060 makes a technical correction to the statutes regulating public finances.
The strike everything amendment to SB 1060 addresses FY 2002 funding for State Emergency Services (SES), acute care programs and the Department of Corrections. Additionally, it modifies statute to reduce state general fund (GF) expenditures.
The FY 2001-2002 GF budget, as enacted during the Forty-fifth Legislature, Third Special Session relies on the Budget Stabilization Fund (BSF) as a contingency source, should revenues fall below provided estimates. Prior to the end of the Third Special Session, new areas of shortfall have been identified. This trailer bill addresses these additional concerns.