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(1)__Catastrophic events such as__natural disaster, | | terrorism, fire, war and riot; |
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| | | (2)__Unfunded or underfunded state or federal mandates; |
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| | | (3)__Citizens' initiatives or other referenda; |
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| | | (4)__Court orders or decrees; or |
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| | | (5)__Loss of federal funding. |
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| | | Extraordinary circumstances do not include changes in | | economic conditions, revenue shortfalls, increases in | | salaries or benefits, new programs or program expansions | | that go beyond existing program criteria and operation. |
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| | | B.__The appropriation limitation in subsection 1 may be | | exceeded only by a vote of both Houses of the Legislature in | | a separate measure that identifies the extraordinary | | circumstance and the intent of the Legislature to exceed the | | appropriation limitation. |
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| | | C.__Exceeding the appropriation limitation established in | | subsection 1__permits appropriations to exceed the | | appropriation limitation only for the period necessary to | | address the extraordinary circumstance and does not increase | | the base for purposes of calculating the appropriation | | limitation for future years. |
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| | | 4.__Increase in appropriation limitation.__The appropriation | | limitation established in subsection 1 may be increased for other | | purposes only by a vote of both Houses of the Legislature in a | | separate measure that identifies the intent of the Legislature to | | exceed the appropriation limitation. |
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| | | §1535.__General Fund transfers to stabilization fund |
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| | | Baseline General Fund revenue, as recommended by the Revenue | | Forecasting Commission and authorized in accordance with chapter | | 151-B, and other available budgeted General Fund resources that | | exceed the General Fund appropriation limitation established by | | section 1534 must be transferred to the stabilization fund.__The | | State Controller, at the close of each fiscal year, shall | | transfer the available balance remaining in the General Fund to | | the stabilization fund after all required deductions of | | appropriations, budgeted financial commitments and other | | adjustments considered necessary by the State Controller. |
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| | | §1536.__Excess General Fund revenues |
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