Louisiana Procedure for Legislative Appropriations, Amendment 3 (2002)

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Louisiana Amendment 3 was an act regarding the procedure for the legislature to adjust appropriations to eliminate a projected deficit. It was on the November 7, 2002 election ballot in Louisiana where it passed, with 58% of voters in favor.

Election results

Amendment 3
Approveda Yes 581,086 57.67%

Text of measure

The language that appeared on the ballot:

Act 1236 (HB 507) 2001 Regular Session

To authorize the legislature to establish procedures determining projected deficits and budget adjustments related to deficit avoidance; to provide that such procedures for amendment may be made by specific legislation enacted by a favorable two-thirds vote of the legislature; to authorize adjustments of up to five percent of constitutionally protected and mandated allocations and appropriations if aggregate reductions of seven-tenths of one percent of allocations and appropriations from the state general fund have been made; to limit such reductions of the Minimum Foundation Program to one percent; to authorize the transfer of monies from one fund to another as a result of such budget adjustments, but not to exceed the amount of the deficit; to authorize, for the purposes of the budget estimate and enactment of the budget for the next fiscal year, that if the official revenue forecast for the next fiscal year is at least one percent less than the forecast for the current fiscal year, an amount not to exceed five percent of the monies appropriated from any fund established by law or constitution shall be available for appropriation in the next fiscal year for a purpose other than as specified by law or constitution; to limit amounts available for use for other purposes with respect to the Minimum Foundation Program to one percent; to exempt from such reductions any revenues dedicated or pledged as security for bonds, the severance tax and royalty allocations to parishes, retirement contributions, the Louisiana Education Quality Trust Fund, the Millennium Trust except for appropriations from the trust, and monies not required to be deposited in the state treasury; and to authorize the legislature to provide for the implementation of these provisions.

(Amends Article VII, Section 10(F))

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