2018 -- H 7845 | |
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LC005043 | |
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STATE OF RHODE ISLAND | |
IN GENERAL ASSEMBLY | |
JANUARY SESSION, A.D. 2018 | |
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A N A C T | |
RELATING TO PUBLIC FINANCE -- REVENUE ESTIMATING CONFERENCES | |
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Introduced By: Representatives Lombardi, Hull, Walsh, Vella-Wilkinson, and Ranglin- | |
Date Introduced: February 28, 2018 | |
Referred To: House Finance | |
It is enacted by the General Assembly as follows: | |
1 | SECTION 1. Section 35-16-2 of the General Laws in Chapter 35-16 entitled "Revenue |
2 | Estimating Conferences" is hereby amended to read as follows: |
3 | 35-16-2. Meetings. |
4 | (a) The principals of the R.E.C. shall meet within the first ten (10) days of May and last |
5 | ten (10) days of April and the first ten (10) days of November of each year. |
6 | (b) The primary purpose of regularly scheduled conferences is to prepare economic |
7 | forecasts and forecast revenue estimates and review current revenue collections under current tax |
8 | law. The conference principals can agree, however, to address special legislation or special |
9 | topics. |
10 | (c) Prior to each R.E.C., the principals will determine the documentation and information |
11 | necessary to support that conference. |
12 | (d) No votes will be taken in the revenue estimating conferences. These are truly |
13 | consensus conferences and all principals must agree and are bound to the conference |
14 | recommendations. |
15 | SECTION 2. This act shall take effect upon passage. |
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LC005043 | |
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EXPLANATION | |
BY THE LEGISLATIVE COUNCIL | |
OF | |
A N A C T | |
RELATING TO PUBLIC FINANCE -- REVENUE ESTIMATING CONFERENCES | |
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1 | This act would change the dates of the R.E.C. meeting to the last ten (10) of April and the |
2 | first ten (10) days of November of each year. |
3 | This act would take effect upon passage. |
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