§§39-91 to 99 REPEALED. L 1979, c 57, §9.
PART IV. STATE DEBT LIMIT STATEMENT AND
THE DETERMINATION OF TOTAL OUTSTANDING INDEBTEDNESS,
THE EXCLUSIONS THEREFROM, AND CERTIFICATION THEREOF
§39-91 Definitions. As used in this part, the following words and terms shall have the following meanings:
"Fiscal year" means the twelve months' period beginning on July 1 of one calendar year and ending on June 30 of the next succeeding calendar year.
"Net general fund revenues" means for any fiscal year the amount of moneys paid into the general fund in the fiscal year, less the amounts paid therein in the fiscal year (1) received as grants from the federal government and (2) in reimbursement of the payment therefrom during such year of the principal of and interest on reimbursable general obligation bonds of the State that are excluded in determining the power of the State to issue general obligation bonds for the purposes of section 13 of Article VII of the Constitution.
As used in this part, the words and terms "bonds", "general obligation bonds", "net revenue", "net user tax receipts", "person", "reimbursable general obligation bonds", "revenue bonds", "special purpose revenue bonds", and "user tax" shall have the respective meanings and inclusions given to such words and terms in section 12 of Article VII of the Constitution. [L 1979, c 57, pt of §10]Section: Previous 39-70 39-71 39-72 39-73 39-74 39-75 39-76 39-91-to-99 39-92 39-93 39-94 39-125-to-131 39-111 39-112 39-151 Next
Last modified: October 27, 2016