DISPOSITION OF EXCESS REVENUES

 

     Section 6.  Whenever the state general fund balance at the close of each of two successive fiscal years exceeds five percent of general fund revenues for each of the two fiscal years, the legislature in the next regular session shall provide for a tax refund or tax credit to the taxpayers of the State, as provided by law. [Add Const Con 1978 and election Nov 7, 1978]

 

Note

 

  For proposed constitutional amendment to this section, see SB 2807, L 2010, pg. 722.