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January 30, 2004

Mr. Speaker:

    The Judiciary Committee reports a favorable recommendation on 1st Sub. H.B. 66, STATE SPENDING LIMITATIONS AMENDMENTS, by Representative G. Hughes, with the following amendments:

1.    Page 1, Line 12:    After "limit;" delete "and"

2.    Page 1, Line 13:    After "formula" insert "; and
         . makes technical corrections."

3.    Page 1, Line 19:    After line 19 insert:
        " 63-38c-102, as last amended by Chapter 16, Laws of Utah 2003"

4.    Page 1, Line 24:    After line 24 insert:
        "Section 1. Section 63-38c-102 is amended to read:
         63-38c-102. Purpose of chapter -- Limitations on state mandated property tax, state appropriations, and state debt.
         (1) (a) It is the purpose of this chapter to:
         (i) place a limitation on the state mandated property tax rate under Title 53A, Chapter 17a, Minimum School Program Act;
         (ii) place limitations on state government appropriations based upon [ the average of changes in personal income and ] the combined changes in population and inflation; and
         (iii) place a limitation on the state's outstanding general obligation debt.
         (b) The limitations imposed by this chapter are in addition to limitations on tax levies, rates, and revenues otherwise provided for by law.
         (2) (a) This chapter may not be construed as requiring the state to collect the full amount of tax revenues permitted to be appropriated by this chapter.
         (b) This chapter's purpose is to provide a ceiling, not a floor, limitation on the appropriations of state government.
         (3) The recommendations and budget analysis prepared by the Governor's Office of Planning and Budget and the Office of the Legislative Fiscal Analyst, as required by Title 36, Chapter 12, Legislative Organization, shall be in strict compliance with the limitations imposed under this chapter."


         Renumber remaining sections accordingly.

5.    Page 3, Line 63:    After "general" delete ", uniform school, and transportation" and after "fund" insert " and non-uniform school fund income tax revenue "

6.    Page 3, Lines 64 and 65:    After "sources" bracket the rest of line 64 and all of line 65

    Respectfully,

    Ben C. Ferry
    Committee Chair

Voting: 8-2-3
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