(1)  As used in this section, “operating deficit” means that estimated General Fund or Uniform School Fund revenues are less than budgeted for the current or next fiscal year.

Terms Used In Utah Code 63J-1-211

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Statute: A law passed by a legislature.
(2)  Notwithstanding any other statute that limits the Legislature’s power to appropriate from a restricted account, if the Legislature determines that an operating deficit exists, unless prohibited by federal law or court order, the Legislature may, in eliminating the deficit, appropriate money from a restricted account into the General Fund.

Renumbered and Amended by Chapter 183, 2009 General Session

  Previous section
Next section  
 Part 2 Contents