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| Annually, 4% of the fund assets would be transferred to the |
| General Fund to be appropriated by the Legislature as part of |
| its normal budget-making process. The fund would also provide |
| budget stabilization distributions. The proposed amendment |
| would allow for a supplemental transfer of up to 2% of fund |
| assets during fiscal years when budgeted economic growth is at |
| least 1% below long-term economic growth trends or up to 4% of |
| fund assets when budgeted economic growth is greater than 2% |
| below long-term economic growth trends. In any fiscal year that |
| actual General Fund revenue is below projections the fund would |
| transfer the amount of the revenue shortfall up to 4 percent of |
| fund assets. |
