2127-S AMH HUNT FRAS 533

SHB 2127 - H AMD 1227

By Representative Hunter

WITHDRAWN 02/28/2012

    On page 148, after line 22, insert the following:

    "NEW SECTION. Sec. 503.  A new section is added to 2011 1st sp. s. c 50 (uncodified) to read as follows:

FOR THE SUPERINTENDENT OF PUBLIC INSTRUCTION-FOR JUNE 2013 GENERAL APPORTIONMENT

General Fund--State Appropriation (FY 13) . . . .  $340,000,000

    The amount in this section is subject to the following conditions and limitations:

    (1) The amount in this section is provided solely for the June 2013 general apportionment payment to school districts that would otherwise be paid but for the delay to July 2013 required by House Bill No. 2129 (apportionment payment).

    (2)  This section takes effect June 25, 2013, only if the June 2013 forecast adopted by the economic and revenue forecast council pursuant to RCW 82.33.030 projects that state general fund revenues for the 2011-2013 fiscal biennium will exceed $30,615,080,000.

    (3)  The economic and revenue forecast council must provide notice of the contingency in (2) of this section to the chief clerk of the house of representatives, the secretary of the senate, the statute law committee, the superintendent of public instruction, the governor, and others as deemed appropriate by the council.”

    Renumber the remaining sections consecutively, correct internal references, and correct the title.

EFFECT:  If the June 2013 forecast by the Economic & Revenue Forecast Council estimates that 2011-13 general fund-state revenues will exceed $30,615,080,000 (the amount currently assumed to support appropriation levels in SHB 2127 and leave an estimated general fund ending fund balance of $50 million after making the contingent appropriation), then an additional $340,000,000 is appropriated for FY 2013 to avoid delaying the June 2013 apportionment payment to school districts. 

FISCAL IMPACT:

    If the specified contingency occurs, increases General Fund - State by $340,000,000.

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