Legislature(1995 - 1996)
04/12/1996 01:30 PM Senate JUD
| Audio | Topic |
|---|
* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
SJR 13 RATIFYING FED BALANCED-BUDGET AMENDMENT
JERRY BURNETT, staff to Senator Randy Phillips, explained SJR 13
ratifies a balanced budget amendment, as proposed in HJR 1, which
passed the U.S. House of Representatives on January 26, 1995. The
proposed amendment would require the U.S. President and Congress to
adopt a budget for each fiscal year in which total outlays do not
exceed total receipts. SJR 13 also requires a supermajority vote
consisting of three-fifths of each house of Congress to adopt a
budget in which outlays exceed receipts, or to increase the limit
on debt. An exception to the balanced budget requirement is
allowed in times of war or declared military emergency. The
current national debt is in excess of $5 trillion, which represents
about $20,000 per person in the U.S.
SENATOR GREEN moved SJR 13 out of committee with individual
recommendations. There being no objection, the motion carried.
| Document Name | Date/Time | Subjects |
|---|