Bills · 2021-2022 Regular Session
Relating to: accounting and expenditure of state funds and reduction of deficit (first consideration).
Administration department of — Budget and fiscal issues Appropriation Arts Bills legislative Budget bills and process Constitutional amendments — First consideration Debt public
- Introduced, stopped here
- Passes Senate, not reached
- Passes Assembly, not reached
- Adopted, not reached
Unfamiliar terms? Glossary
What this bill does
Plain-language analysis by the nonpartisan Legislative Reference Bureau
This constitutional amendment, proposed to the 2021 legislature on first
consideration, requires the state to account for and report all funds it receives or
expends in accordance with generally accepted accounting principles (GAAP).
The amendment further authorizes the legislature to establish the budgetary
basis of accounting, requires that any deficit of a state fund affected by a budget bill
be reduced annually by 10 percent of any projected increase in tax revenues in that
fund, and requires that, once the deficit is eliminated, the legislature may not pass
any bill that would result in a projected deficit.
A constitutional amendment requires adoption by two successive legislatures,
and ratification by the people, before it can become effective.
Sponsors
Votes
Senate: Report adoption recommended by Committee on Financial Institutions and Revenue, Ayes 3, Noes 2
Passed 3–2 Jan 14, 2022 official source full pageNo individual roll call was recorded for this vote. Committee votes and some older sessions record totals only.
Full history
- Jan 3, 2022 · Senate
Introduced by Senators Marklein, Kooyenga, Kapenga, Bernier, Nass and Stroebel; cosponsored by Representatives Katsma, Dittrich, Knodl, Krug, Murphy, Novak, Oldenburg, Thiesfeldt, Tranel, Wichgers, Zimmerman and Behnke
- Jan 3, 2022 · Senate
Read first time and referred to Committee on Financial Institutions and Revenue
- Jan 11, 2022 · Senate
Public hearing held
- Jan 13, 2022 · Senate
Executive action taken
- Jan 14, 2022 · Senate
Report adoption recommended by Committee on Financial Institutions and Revenue, Ayes 3, Noes 2
- Jan 14, 2022 · Senate
Available for scheduling
- Jan 19, 2022 · Senate
Representative Kurtz added as a cosponsor
- Jan 31, 2022 · Senate
Representative Magnafici added as a cosponsor
- Mar 15, 2022 · Senate
Failed to adopt pursuant to Senate Joint Resolution 1