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(1)__Catastrophic events such as__natural disaster, | terrorism, fire, war and riot; |
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| (2)__Unfunded or underfunded state or federal mandates; |
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| (3)__Citizens' initiatives or other referenda; |
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| (4)__Court orders or decrees; or |
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| (5)__Loss of federal funding. |
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| Extraordinary circumstances do not include changes in | economic conditions, revenue shortfalls, increases in | salaries or benefits, new programs or program expansions | that go beyond existing program criteria and operation. |
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| B.__The appropriation limitation in subsection 1 may be | exceeded only by a vote of both Houses of the Legislature in | a separate measure that identifies the extraordinary | circumstance and the intent of the Legislature to exceed the | appropriation limitation. |
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| C.__Exceeding the appropriation limitation established in | subsection 1__permits appropriations to exceed the | appropriation limitation only for the period necessary to | address the extraordinary circumstance and does not increase | the base for purposes of calculating the appropriation | limitation for future years. |
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| | 4.__Increase in appropriation limitation.__The appropriation | limitation established in subsection 1 may be increased for other | purposes only by a vote of both Houses of the Legislature in a | separate measure that identifies the intent of the Legislature to | exceed the appropriation limitation. |
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| §1535.__General Fund transfers to stabilization fund |
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| | Baseline General Fund revenue, as recommended by the Revenue | Forecasting Commission and authorized in accordance with chapter | 151-B, and other available budgeted General Fund resources that | exceed the General Fund appropriation limitation established by | section 1534 must be transferred to the stabilization fund.__The | State Controller, at the close of each fiscal year, shall | transfer the available balance remaining in the General Fund to | the stabilization fund after all required deductions of | appropriations, budgeted financial commitments and other | adjustments considered necessary by the State Controller. |
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| §1536.__Excess General Fund revenues |
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