Bill > S61

This bill proposes a constitutional amendment to require a "supermajority vote" for the use of "rainy day funds," which are funds set aside in a "stabilization fund" (as defined in section 2H of chapter 29 of the existing law) for unexpected financial needs. Specifically, it mandates that any law authorizing the expenditure of these funds must be passed by a two-thirds vote in both the Senate and the House of Representatives, with the votes publicly recorded by yeas and nays. This change would require similar approval in the next legislative session and a subsequent vote by the public to become part of the Constitution.