6-3-10. Budget defined.
116 words·~1 min read·
/nm/chapter-6-public-finances/article-3-state-budgets/6-3-10·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The budget means a complete statement as to the financial operation of all state agencies for the fiscal year last completed, the current fiscal year and a financial plan for the operation of all state agencies for the succeeding fiscal year.
The budget for the succeeding fiscal year shall set forth in detail the following:
A. all proposed expenditures for the administration, operation and maintenance of all state agencies;
B. all interest and debt redemption charges;
C. all expenditures for capital projects to be undertaken and executed;
D. all anticipated revenues; and
E. means of financing proposed expenditures.
History: 1953 Comp., § 11-4-2.2, enacted by Laws 1955, ch. 114, § 2; 1977, ch. 247, § 125.