| 1 | Representative Grant offered the following: |
| 2 |
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| 3 | Substitute Amendment for Amendment (908995) |
| 4 | Remove line(s) 114-121 and insert: |
| 5 | (f) The unreserved undesignated fund balance, as defined |
| 6 | in s. 129.02(1), generated during an individual fiscal year |
| 7 | shall not exceed 20 percent of operating revenues or 90 days of |
| 8 | regular general fund operating expenditures, whichever is |
| 9 | greater, necessary to secure and maintain credit ratings, meet |
| 10 | seasonal shortfalls in cash flow, and reduce susceptibility to |
| 11 | emergency or unanticipated expenditures or to address revenue |
| 12 | shortfalls. Any remaining unreserved undesignated fund balance |
| 13 | generated during an individual fiscal year shall not be used to |