63J-3-201 - Appropriations limit -- Formula. - Utah Statutes

63J-3-201. Appropriations limit -- Formula.
(1) There is established a state appropriations limit for each fiscal year beginning afterJune 30, 1988.
(2) For each of these fiscal years, the annual legislative appropriations for this state, itsagencies, departments, and institutions may not exceed that sum determined by applying theformula B* P* (I/100) in which:
(a) "B" equals the base year real per capita appropriations for the state, its agencies,departments, and institutions;
(b) "P" equals the most recent fiscal year's population; and
(c) "I" equals the most recent fiscal year's inflation index adjusted to reflect fiscal year1989 as having an index value of 100.
(3) The revenues specified in Section 63J-3-205 are not subject to the limitation in thissection.

Renumbered and Amended by Chapter 382, 2008 General Session