143C-4-1. Annual balanced budget.
The budget recommended by the Governor and the budget enacted by the General Assembly shall be balanced and shall include two fiscal years beginning on July 1 of each odd-numbered year. Each fiscal year and each fund shall be balanced separately. The budget for a fund is balanced when the beginning unreserved fund balance for the fiscal year, together with the projected receipts to the fund during the fiscal year, is equal to or greater than the sum of appropriations from the fund for that fiscal year. (2006-203, s. 3.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 143C - State Budget Act
Article 4 - Budget Requirements.
§ 143C-4-1 - Annual balanced budget.
§ 143C-4-3.1 - State Capital and Infrastructure Fund.
§ 143C-4-4 - Contingency and Emergency Fund.
§ 143C-4-5 - Non-State match restrictions.
§ 143C-4-6 - General Fund operating budget size limited.
§ 143C-4-7 - Limit on number of permanent positions budgeted.
§ 143C-4-8 - Use of funds appropriated to a reserve.
§ 143C-4-9 - Pay Plan Reserve.
§ 143C-4-10 - Unfunded Liability Solvency Reserve.
§ 143C-4-11 - (Effective until contingency met see note) Medicaid Contingency Reserve.