HB5519: TREASURER-CERT BALANCED BUDGET

Legislative Summary

Amends the State Treasurer Act. Provides that within 90 days after the enactment of the State budget for a given fiscal year, the Office of the State Treasurer shall prepare and submit to the Governor's Office of Management and Budget a report certifying whether the State budget is balanced based upon revenue projections exceeding expenditures and budgetary measures that fall out of line with Governmental Accounting Standards Board criteria.