Georgia Senate - 1995/1996 Sessions

SR 136 - Balanced Budget Amendment - urge U.S. Senate adopt

Page Numbers - 1

1. Day  48th              2. Cagle  49th             3. Slotin  39th


Senate Comm: SLGO-G     /         House Comm:            /                      
Senate Vote: Yeas 51    Nays 2                                                  
           ---------------------------------------------                        
              Senate          Action          House                             
           ---------------------------------------------                        
             2/1/95    Read 1st time                                            
             2/14/95   Favorably Reported                                       
             2/15/95   Read 2nd Time                                            
             2/20/95   Read 3rd Time                                            
             2/20/95   Passed/Adopted                                           
           ---------------------------------------------                        
                                                                                
Code Sections amended:                                                          


SR 136                                             LC 8 2403






                             A RESOLUTION

  1- 1  Urging the United States Senate to adopt the balanced budget
  1- 2  amendment; and for other purposes.

  1- 3  WHEREAS, the State of Georgia and other states have a
  1- 4  constitutional provision that prohibits its legislative body
  1- 5  from creating a budget deficit in its appropriations
  1- 6  process; and

  1- 7  WHEREAS, the State of Georgia has various constitutional and
  1- 8  statutory constraints relative to debt financing which
  1- 9  require the state to maintain a very tight credit strategy;
  1-10  and

  1-11  WHEREAS, the economic welfare of the United States and its
  1-12  citizens depends on a stable dollar and a sound economy; and

  1-13  WHEREAS, the federal budget deficit has had a deleterious
  1-14  impact on the nation's financial health and has impeded
  1-15  severely investment productivity and growth; and

  1-16  WHEREAS, the members of the United States House of
  1-17  Representatives cast a vote of overwhelming support for a
  1-18  balanced budget amendment to the federal Constitution; and

  1-19  WHEREAS, the Georgia General Assembly has supported an
  1-20  amendment requiring a balanced federal budget for many
  1-21  years, having specifically applied to the United States
  1-22  Congress to call a convention for the purpose of proposing
  1-23  such an amendment in 1976.

  1-24  NOW, THEREFORE, BE IT RESOLVED BY THE SENATE that the
  1-25  members of this body urge the United States Senate to adopt
  1-26  the balanced budget amendment and applaud the United States
  1-27  House of Representatives for overwhelmingly supporting the
  1-28  proposed amendment.

  1-29  BE IT FURTHER RESOLVED that the Secretary of the Senate is
  1-30  authorized and directed to transmit an appropriate copy of
  1-31  this resolution to the Secretary of the Senate of the United
  1-32  States Congress, the Clerk of the House of Representatives
  1-33  of the United States Congress, and to each member of the
  1-34  Georgia congressional delegation.




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