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State of South Dakota
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SEVENTY-SEVENTH
SESSION
LEGISLATIVE ASSEMBLY, 2002 |
| 852H0488 |
SENATE BILL
NO.
68
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Introduced by:
Senators Staggers, Greenfield, Madden, Moore, and Symens and
Representatives McCaulley, Begalka, Klaudt, McCoy, Monroe, and Van
Gerpen
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FOR AN ACT ENTITLED, An Act to
limit state expenditures.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. The State of South Dakota's total annual expenditures may not increase more than the lesser of three percent or the index factor, as defined in section 2 of this Act, over the amount of state expenditures in the preceding year. Total annual expenditures include state, federal, and other funds. The Governor's proposed budget shall also meet the requirements of this Act.
Section 2. The index factor is the annual percentage change in the consumer price index for urban wage earners and clerical workers as computed by the Bureau of Labor Statistics, United States Department for the preceding year.
350 copies of this document were printed by the South Dakota
Legislative Research Council at a cost of $.027 per page. . Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated byoverstrikes.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. The State of South Dakota's total annual expenditures may not increase more than the lesser of three percent or the index factor, as defined in section 2 of this Act, over the amount of state expenditures in the preceding year. Total annual expenditures include state, federal, and other funds. The Governor's proposed budget shall also meet the requirements of this Act.
Section 2. The index factor is the annual percentage change in the consumer price index for urban wage earners and clerical workers as computed by the Bureau of Labor Statistics, United States Department for the preceding year.
Legislative Research Council at a cost of $.027 per page. . Insertions into existing statutes are indicated by underscores.
Deletions from existing statutes are indicated by
