Rainy Day Fund

Also known as the Constitutional Reserve Fund. All General Revenue fund receipts in excess of certification are deposited to this fund until it reaches a maximum of 15 percent of the annual General Revenue Fund revenue.  Three-eighths of the balance may be appropriated for a shortfall in current year General Revenue collection; three-eighths may be appropriated, if the upcoming year’s projected GR is lower than the current year’s. The other one-fourth may be appropriated upon declaration of an emergency.

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