TITLE 35
Public Finance

CHAPTER 35-16
Revenue Estimating Conferences

SECTION 35-16-2


§ 35-16-2 Meetings.

(a) The principals of the R.E.C. shall meet within the first ten (10) days of May and November of each year.

(b) The primary purpose of regularly scheduled conferences is to prepare economic forecasts and forecast revenue estimates and review current revenue collections under current tax law. The conference principals can agree, however, to address special legislation or special topics.

(c) Prior to each R.E.C., the principals will determine the documentation and information necessary to support that conference.

(d) No votes will be taken in the revenue estimating conferences. These are truly consensus conferences and all principals must agree and are bound to the conference recommendations.

History of Section.
(P.L. 1990, ch. 65, art. 49, § 1; P.L. 1990, ch. 407, § 1; P.L. 1992, ch. 133, art. 60, § 1; P.L. 1995, ch. 370, art. 43, § 1; P.L. 1997, ch. 30, art. 1, § 12; P.L. 1998, ch. 31, art. 19, § 1.)