RHB/6/19
Sponsored by Ariana Martin of Brentwood High School
This legislation was filed in the Finance and Administration category
Presented as part of the YIG Volunteer 2024 conference
| 1 | BE IT ENACTED BY THE TENNESSEE YMCA YOUTH LEGISLATURE |
| 2 | |
| 3 | Section 1: Terms in this act will be defined as follows: |
| 4 | Recession:a period of temporary economic decline during which trade and industrial activity are |
| 5 | reduced, generally identified by a fall in GDP |
| 6 | Revenue: a state's annual income from which public expenses are met. |
| 7 | Public welfare: government programs that provide financial or other aid to individuals or groups |
| 8 | who cannot support themselves. |
| 9 | |
| 10 | Section 2: The state of Tennessee shall set aside money allocated to public welfare in the case of |
| 11 | recession. 0.05% of Tennessee’s annual budget will be set aside |
| 12 | |
| 13 | Section 3: |
| 14 | A) This standard will be overseen by the Tennessee Department of Finance and Administration |
| 15 | B) This fund will be added to the Tennessee state budget by the Tennessee Commissioner of |
| 16 | Finance each year |
| 17 | |
| 18 | Section 4: The enactment of this law will cost the state no additional money, as it is a |
| 19 | redistribution of already existing funds |
| 20 | |
| 21 | Section 5: All laws or parts of laws in conflict with this are hereby repealed |
| 22 | |
| 23 | Section 6: This bill shall take effect August 1, 2024, allowing time for the Tennessee Commissioner |
| 24 | of Finance to arrange the proper procedure for the year of 2025 |
| 25 |