H-0963.1 _______________________________________________
HOUSE BILL 1737
_______________________________________________
State of Washington 55th Legislature 1997 Regular Session
By Representatives Poulsen, H. Sommers, Linville, Cole, Dickerson, Cody, Tokuda, Gombosky, Fisher, Keiser, Constantine, Kenney, Chopp, Butler, Ogden, Blalock, Murray and Mason
Read first time 02/06/97. Referred to Committee on Appropriations.
AN ACT Relating to the general fund expenditure limit; and amending RCW 43.135.025.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:
Sec. 1. RCW 43.135.025 and 1994 c 2 s 2 are each amended to read as follows:
(1) The state shall not expend from the general fund during any fiscal year state moneys in excess of the state expenditure limit established under this chapter.
(2) Except pursuant to a declaration of emergency under RCW 43.135.035 or pursuant to an appropriation under RCW 43.135.045(4)(b), the state treasurer shall not issue or redeem any check, warrant, or voucher that will result in a state general fund expenditure for any fiscal year in excess of the state expenditure limit established under this chapter. A violation of this subsection constitutes a violation of RCW 43.88.290 and shall subject the state treasurer to the penalties provided in RCW 43.88.300.
(3) The state expenditure limit for any fiscal year shall be the previous fiscal year's state expenditure limit increased by a percentage rate that equals the fiscal growth factor.
(4) For purposes of computing the state expenditure limit for the fiscal year beginning July 1, 1995, the phrase "the previous fiscal year's state expenditure limit" means the total state expenditures from the state general fund, not including federal funds, for the fiscal year beginning July 1, 1989, plus the fiscal growth factor. This calculation is then computed for the state expenditure limit for fiscal years 1992, 1993, 1994, and 1995, and as required under RCW 43.135.035(4).
(5)
((Each November, the office of financial management shall adjust the
expenditure limit for the preceding fiscal year based on actual expenditures
and)) The expenditure limit for fiscal year 1996 is the expenditure
limit issued by the office of financial management in July 1996 under the
provisions of subsection (4) of this section and as adjusted in accordance with
RCW 43.135.035(4) and 43.135.060(2). For all subsequent fiscal years, the
expenditure limit shall be the expenditure limit for the prior fiscal year,
plus the fiscal growth factor, and as adjusted in accordance with RCW 43.135.035(4)
and 43.135.060(2). Each November, beginning with November 1997, the office of
financial management shall issue an expenditure limit in accordance with
subsection (4) of this section and RCW 43.135.035(4) and 43.135.060(2). At
that time the office of financial management shall adjust the limit for the
current fiscal year based on known changes in the fiscal growth factor and
then project an expenditure limit for the next two fiscal years. The office of
financial management shall notify the legislative fiscal committees of all
adjustments to the state expenditure limit and projections of future
expenditure limits.
(6) "Fiscal growth factor" means the average of the sum of inflation and population change for each of the prior three fiscal years.
(7) "Inflation" means the percentage change in the implicit price deflator for the United States for each fiscal year as published by the federal bureau of labor statistics.
(8) "Population change" means the percentage change in state population for each fiscal year as reported by the office of financial management.
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