| 1 | Representative Grant offered the following: |
| 2 |
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| 3 | Substitute Amendment for Amendment (001927) |
| 4 | Remove line(s) 450-456 and insert: |
| 5 | (7) The unreserved undesignated fund balance generated |
| 6 | during an individual fiscal year shall not exceed 20 percent of |
| 7 | operating revenues or 90 days of regular general fund operating |
| 8 | expenditures, whichever is greater, necessary to secure and |
| 9 | maintain credit ratings, meet seasonal shortfalls in cash flow, |
| 10 | and reduce susceptibility to emergency or unanticipated |
| 11 | expenditures or to address revenue shortfalls. Any remaining |
| 12 | unreserved undesignated fund balance generated during an |
| 13 | individual fiscal year shall not be |