Public Chapter 512
HOUSE BILL NO. 1806
By Representatives McDaniel, Kisber, Stamps, Davis
Substituted for: Senate Bill No. 1941
By Senators Atchley, Henry, McNally, Jordan, Koella, Ramsey, Carter, Elsea, Person, Leatherwood, Crowe, Williams
AN ACT pursuant to Article II, Section 24, of the Tennessee Constitution providing for the dollar amount and rate by which the growth of appropriations from state tax revenues will exceed the estimated growth in the State's economy and to amend Tennessee Code Annotated, Title 9, Chapter 6, Part 2.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. Tennessee Code Annotated, Section 9-6-203, is amended by adding the following language as a new, appropriately designated subsection:
( ) The index of appropriations from State tax revenues for the 1996-97 fiscal year may exceed the index of estimated growth in the State's economy by $55,000,000 or 0.84 percent.
SECTION 2. This act shall take effect upon becoming law, the public welfare requiring it.