To amend sections 107.032 and 131.55 and to repeal sections 107.033, 107.034, 107.035, 131.56, 131.57, 131.58, 131.59, and 131.60 of the Revised Code to prohibit the Governor from proposing and the General Assembly from enacting a state budget with aggregate general revenue fund appropriations that exceed ninety-seven per cent of the total money received in aggregate revenue for the two most recent fiscal years, to prohibit the proposal and enactment of a state budget containing transfers from the Budget Stabilization Fund in excess of twenty-five per cent of the amount of the Fund, and to eliminate the state appropriation limitation.

Section 1. That sections 107.032 and 131.55 of the Revised Code be amended to read as follows:

Sec. 107.032. (A) As used in sections 107.033 to 107.035 of the Revised Code this section:

(A)(1) "Aggregate general revenue fund appropriations" means all general revenue fund appropriations made by the general assembly except for the following:

(1)(a) Appropriations of money received from the federal government;

(2)(b) Appropriations made for tax relief or refunds of taxes and other overpayments;

(3)(c) Appropriations of money received as gifts.

(2) "Aggregate revenue" means money received in the general revenue fund less amounts of money received from the federal government and money received as gifts.

(B) "Rate of inflation" means the percentage increase or decrease in the consumer price index over a one-year period, based on the most recent consumer price index for all urban consumers, midwest region, all items, as determined by the bureau of labor statistics of the United States department of labor or, if that index is no longer published, a generally available comparable index.

(C) "Rate of population change" means the percentage increase or decrease in the population of this state over a one-year period, based on the most recent population data available for the state published by the bureau of the census of the United States department of commerce, or its successor in responsibility, in the population estimates program, or its successive equivalent.

(D) "Recast fiscal year" means fiscal years 2012, 2016, 2020, and each fourth fiscal year thereafter. When the governor submits a state budget to the general assembly under section 107.03 of the Revised Code, the budget shall comply with the following requirements:

(1) The aggregate general revenue fund appropriations proposed shall not exceed ninety-seven per cent of the aggregate revenue actually received for the two most recent fiscal years for which such data is available;

(2) The total amount of any transfers from the budget stabilization fund created in section 131.43 of the Revised Code shall not exceed twenty-five per cent of the amount of money held in the fund at the time the budget is submitted.

Sec. 131.55.  (A) As used in sections 131.55 to 131.58 of the Revised Code this section, "aggregate general revenue fund appropriations" has and "aggregate revenue" have the same meaning meanings as under section 107.032 of the Revised Code.

(B) The general assembly shall not enact a state budget containing the following:

(1) Aggregate general revenue fund appropriations in excess of ninety-seven per cent of the aggregate general revenue received for the two most recent fiscal years for which such data is available;

(2) Transfers from the budget stabilization fund created in section 131.43 of the Revised Code in excess of twenty-five per cent of the amount of money held in the fund at the time the budget is submitted.

Section 2. That existing sections 107.032 and 131.55 and sections 107.033, 107.034, 107.035, 131.56, 131.57, 131.58, 131.59, and 131.60 of the Revised Code are hereby repealed.