Sec. 131.43. There is hereby created in the state treasury | 7 |
the budget stabilization fund. It is the intent of the general | 8 |
assembly to maintain an amount of money inEach fiscal year | 9 |
beginning with fiscal year 2016, the director of budget and | 10 |
management shall deposit to the budget stabilization fund that | 11 |
amounts to approximatelyan amount equal to five per cent of the | 12 |
general revenue fund revenues for the preceding fiscal year. The | 13 |
governor shall include in the state budget hethe governor submits | 14 |
to the general assembly under section 107.03 of the Revised Code | 15 |
proposals for transfers between the general revenue fund and the | 16 |
budget stabilization fund for the ensuing fiscal biennium. The | 17 |
balance in the fund may be combined with the balance in the | 18 |
general revenue fund for purposes of cash management. | 19 |