Daily Bulletin
ACTIONS BY THE GENERAL ASSEMBLY OF NORTH CAROLINA
Legislative Reporting Service • Institute of Government • The University of North Carolina at Chapel Hill
Box 7294 State Legislative Building • Raleigh, NC 2761 1 • (919) 733-2484 • FAX (919) 733-4086
House Legislative Day 54
Vol. 1995, No. 54B Senate Legislative Day 54
Thursday, April 27, 1995
N C. DOCUMENTS
CLEARINGHOUSE
1995 CONTINUATION BUDGET
Mi 1 1995
N.C. SWr; LIBRARY
RAlBGH
H 229. 1995 CONTINUATION BUDGET. Intro.
2/21/95.
House committee substitute replaces 1st edition. Replaces blank bill
with AN ACT TO APPROPRIATE FUNDS FOR THE CONTINUATION BUDGET OPERATIONS OF STATE DEPARTMENTS ,
INSTITUTIONS, AND AGENCIES, AND FOR OTHER PURPOSES.
Appropriates $9,466,866,914 for 1995-96 and $9,707,558,684 for 1996-97 for current operations of the General Fund.
Appropriates $997,785,847 for 1995-96 and $1,002,076,234 for 1996-97 for current operations of the Highway Fund.
Appropriates $698,432,000 for 1995-96 and $738,846,000 for 1996-97 for current operations of the Highway Trust Fund. The
bill includes numerous special provisions and is accompanied by a report of the House Appropriations Committee detailing
changes in line items. The following digest summarizes all special provisions (with a few exceptions for "boiler plate"
provisions) and incorporates details provided in the committee's report.
Revenue Availability/Reserve for Repairs and Renovations
Budget reform statements. Estimates General Fund and Highway Fund revenue availability for 1995-97. Beginning
unrestricted balance is $120.7 million. Revenues from existing tax structure estimated at $9,987.8 million for 1995-96 and
$10,624.2 million for 1996-97. Estimates reduction to tax revenue due to the Tax Relief Package of $359.4 million in 1995-96
and $369.6 million in 1996-97. After other adjustments are added, total revenue availability for the General Fund is estimated
at $9,891.3 million fore 1995-96 and $10,379.7 million for 1996-97. Estimates Highway Fund availability at $1,050.1 million in
1995-96 and $1,046.3 million in 1996-97.
Repairs Resen/e account changes. Amends GS 143-15.2 to set size of Repairs and Renovations Reserve Account at
the greater of 25% of General Fund credit balance and 3% of replacement value of State buildings supported form General
Fund (now, lesser of 25% of credit balance and 1 .5% of replacement value). Amends GS 1 43-1 5.
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to restrict the use of
funds from this Reserve to specified renovations and prohibits use of funds for new construction of expansion of the footprint
of an existing facility unless required to comply with federal or State codes or standards.
Expenditure of funds from Reserve for Repairs and Renovations. Allocates 50% of Reserve to UNC System, 42% to
OSBM, and 8% to Div'n of Parks and Recreation. Authorizes Board of Governors to allocate funds for repair and renovation of
facilities not supported from General Fund if sufficient funds are not available from other sources and conditions warrant
General Fund assistance. Requires report of any such use to Joint Legis. Comm'n on Gov'tl Operations. Requires UNC,
OSBM, and Parks & Recreation to submit plans for use of funds to Joint Legis. Comm'n on Govt'l Operations and Fiscal
Research Div'n before expenditure.
General Provisions.
Permit deviation from expenditure of funds restriction. Identical to comparable provision in 1993 Current Operations
Appropriations Act, applicable to 1995-96 only.
Special funds, federal funds, and departmental receipts/authorization for expenditures. Identical to comparable provision
in 1993 Current Operations Appropriations Act.
Insurance and fidelity bonds. Identical to comparable provision in 1993 Current Operations Appropriations Act.
Contingency and Emergency Fund allocation. Substantively identical to comparable provision in 1993 Current
Operations Appropriations Act.
Copyright © 1995
