6-3-11. Parts of the budget.
350 words·~2 min read·
/nm/chapter-6-public-finances/article-3-state-budgets/6-3-11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The budget shall contain the following parts:
A. the governor's budget message;
B. summary statements showing the following:
(1)financial condition of the state government at the beginning and at the end of the fiscal year last completed;
(2)financial condition of the state government at the beginning of the current fiscal year and condition anticipated at the end of the current fiscal year;
(3)anticipated financial condition of the state government at the beginning and end of the succeeding fiscal year;
(4)condition of all funds for the fiscal year last completed, the current fiscal year and the succeeding fiscal year, as follows:
(a)balance or anticipated balance at the beginning of the fiscal year;
(b)balance or anticipated balance at the end of the fiscal year;
(c)revenue or anticipated revenue during the fiscal year;
(d)source of revenue or anticipated revenue during the fiscal year; and
(e)expenditures or anticipated expenditures during the fiscal year;
(5)the bonded indebtedness, debts authorized, debts redeemed, interest requirements and the condition of sinking funds;
(6)appropriations recommended by the governor compared with appropriations for the fiscal year last completed and the current fiscal year. Any increase or decrease in the recommended appropriation shall be explained;
(7)anticipated revenue for the succeeding fiscal year, classified according to source of revenue and compared with revenues for the fiscal year last completed and anticipated revenue for the current fiscal year;
(8)other information necessary to make known in practicable detail the financial operation of the state government; and
(9)if anticipated revenue is less than the total of all appropriations recommended in any fiscal year, recommendations as to how the deficit shall be met;
C. a summary statement of requested appropriations by state agencies and recommendations of the state budget division concerning such requested appropriations; and
D. an appropriation bill recommended by the governor. Such bill shall follow budget classification and shall be stated in lump sums according to function or purpose of each agency.
History: 1953 Comp., § 11-4-2.3, enacted by Laws 1955, ch. 114, § 3; 1977, ch. 247, § 126.