Section 24-77-106 - Establishment of annual allowable uncommitted reserves - legislative declaration(1) The general assembly hereby finds and declares that:(a) Section 20 of article X of the state constitution limits state fiscal year spending;(b) Subject to certain exclusions specified in section 20 of article X of the state constitution, all state general fund revenues and all state cash fund revenues are included in the limitation on state fiscal year spending;(c) The legislative powers of the general assembly, including but not limited to its plenary power of appropriation, authorize and require the general assembly to assure compliance with the limitation on state fiscal year spending and to make fundamental fiscal policy decisions establishing the level of activity of all departments and agencies of state government, including those funded by revenues generated from fees; and(d) Consonant with the exercise of such legislative powers, the general assembly must establish limits on the amount of uncommitted reserves that may be maintained by the departments and agencies of state government for cash funds under their control and must exercise any other necessary controls on cash fund revenues, including but not limited to the power of appropriation.(2) (Deleted by amendment, L. 99, p. 1237, § 4, effective August 4, 1999.)(3) For the 1999-2000 fiscal year and each fiscal year thereafter, each department or agency of state government shall maintain the uncommitted reserves of any cash fund under its control in accordance with section 24-75-402.L. 93: Entire article added, p. 1504, § 1, effective June 6. L. 99: Entire section amended, p. 1237, § 4, effective August 4.