PRIOR PASSAGE - NONE
PRIOR PRINTER'S NO. 30
PRINTER'S NO. 123
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
51
Session of
2021
INTRODUCED BY O'NEAL, GROVE, KEEFER, LEWIS, STAATS, GREINER,
KAUFFMAN, RYAN, HAMM, ROTHMAN, JOZWIAK, OWLETT, WARNER, MOUL,
SANKEY, GREGORY AND B. MILLER, JANUARY 11, 2021
AS REPORTED FROM COMMITTEE ON STATE GOVERNMENT, HOUSE OF
REPRESENTATIVES, AS AMENDED, JANUARY 13, 2021
A JOINT RESOLUTION
Proposing an amendment to the Constitution of the Commonwealth
of Pennsylvania, in taxation and finance, further providing
for surplus.
The General Assembly of the Commonwealth of Pennsylvania
hereby resolves as follows:
Section 1. The following amendment to the Constitution of
Pennsylvania is proposed in accordance with Article XI:
That section 14 of Article VIII be amended to read:
ยง 14. [Surplus] Budgetary reserves and surplus funds.
[All surplus of operating funds at the end of the fiscal year
shall be appropriated during the ensuing fiscal year by the
General Assembly.]
(a) At the end of each fiscal year, the State Treasurer
shall transfer the surplus of all operating funds into the
Budget Stabilization Reserve Fund until the amount in the Budget
Stabilization Reserve Fund is equal to or exceeds 20% of the
Commonwealth's total revenue collection. THE VOLATILITY RATE OF
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