1330-S AMH XXXX MORR2

SHB 1330 - H AMD  382 Failed 4-6-91

     By Representatives Paris, Miller, Casada and D. Sommers

     On page 156, after line 7 insert an new section:

     "NEW SECTION. Sec. 715.  FOR THE STATE TREASURER -- TRANSFERS  $40,000,000 is appropriated from the general fund state solely for transfer to the budget stabilization account as follows:  After each quarterly revenue forecast update by the economic and revenue forecast council, the treasurer shall determine whether the forecasted general fund state revenue for 1991-93 exceeds the forecast adopted by the council in March 1991.  After each forecast update, the treasurer shall also determine whether the general fund state revenue forecasted for 1991-93 exceeds the amount forecasted at the prior update. If the forecast exceeds the amount forecast in March 1991 and exceeds the amount forecast at the last update, the treasurer shall transfer funds to the budget stabilization account.  The amount of the transfer shall be equal to the amount by which the latest forecast exceeds the prior forecast."

EFFECT:   Requires the Treasurer to transfer the first $40 million of any increase in forecasted revenues to the budget stabilization account.