(a) In addition to the powers and duties provided under this chapter and other fiscal laws of the state, the Chief Fiscal Officer of the State shall invoke additional procedures to assure that all state agencies are operated on a planned and orderly basis of essential services within the limitations of funds available.
(b) In furtherance of the purposes of this subchapter, the Chief Fiscal Officer of the State shall institute the following additional procedures and controls:(1) (A) At least thirty (30) days before the commencement of each fiscal year, the Chief Fiscal Officer of the State shall make studies for the purpose of estimating the anticipated amount of general and special revenues to be made available for distribution under the Revenue Stabilization Law, § 19-20-101 et seq., and for the support of agencies that derive their support from special revenues, for the fiscal year or the fiscal quarter, or for any calendar month if he or she deems it necessary. In addition, the Chief Fiscal Officer of the State shall compute the estimated amount of general revenues that will be available for distribution to the respective State Treasury accounts in accordance with the respective percentage distributions of general revenues authorized under the Revenue Stabilization Law, § 19-20-101 et seq.(B) Each executive head of an agency responsible for administering special revenues or federal funds shall notify the Chief Fiscal Officer of the State of any unusual events that would adversely affect the estimate of the moneys received upon which the agency is operating. The notification shall be given immediately upon knowing of the existence of those events by the executive head of the agency;(2) Upon completion of revenue estimates for each fiscal year or each fiscal quarter, or monthly if deemed necessary, the Chief Fiscal Officer of the State shall prepare schedules reflecting the estimated amount of general revenues to be available for distribution to the State Treasury funds and accounts for each of the agencies that share in the distribution of general revenue funds of the state, either in whole or in part. In addition, the Chief Fiscal Officer of the State may require the preparation of estimates from the administering agency or prepare estimates of the anticipated amount of special revenues to be available for distribution to those agencies that receive support from special revenues, from both general and special revenues, or from cash funds or other sources;(3) (A) After preparing the estimates and schedules for each fiscal year, fiscal quarter, or month, the Chief Fiscal Officer of the State shall review the annual operations budgets of each agency.(B) The Chief Fiscal Officer of the State shall institute controls that he or she deems necessary to modify or restrict the level of approved expenditures that may be incurred by each agency to assure that sufficient funds will be available to maintain a minimum level of essential services and programs by each agency without undue interruption or curtailment of the level of programs and essential services provided for any extended period during each fiscal year or that might create circumstances that would institute deficit spending to meet the obligations or services in excess of the funds available for the support thereof, as provided by law; and(4) If in reviewing the annual operations budgets of a state agency, the Chief Fiscal Officer of the State determines that the level of operations of the agency or the projected commitment of the agency is being operated in a manner that would impose serious curtailment of essential services or would create circumstances of deficit spending, then he or she shall immediately notify the executive head of the agency responsible for the operation of the services as to the curtailments and controls that should be instituted to bring the level of operations or services within the necessary fiscal restraints recommended by the Chief Fiscal Officer of the State.
(1) (A) At least thirty (30) days before the commencement of each fiscal year, the Chief Fiscal Officer of the State shall make studies for the purpose of estimating the anticipated amount of general and special revenues to be made available for distribution under the Revenue Stabilization Law, § 19-20-101 et seq., and for the support of agencies that derive their support from special revenues, for the fiscal year or the fiscal quarter, or for any calendar month if he or she deems it necessary. In addition, the Chief Fiscal Officer of the State shall compute the estimated amount of general revenues that will be available for distribution to the respective State Treasury accounts in accordance with the respective percentage distributions of general revenues authorized under the Revenue Stabilization Law, § 19-20-101 et seq.(B) Each executive head of an agency responsible for administering special revenues or federal funds shall notify the Chief Fiscal Officer of the State of any unusual events that would adversely affect the estimate of the moneys received upon which the agency is operating. The notification shall be given immediately upon knowing of the existence of those events by the executive head of the agency;
(A) At least thirty (30) days before the commencement of each fiscal year, the Chief Fiscal Officer of the State shall make studies for the purpose of estimating the anticipated amount of general and special revenues to be made available for distribution under the Revenue Stabilization Law, § 19-20-101 et seq., and for the support of agencies that derive their support from special revenues, for the fiscal year or the fiscal quarter, or for any calendar month if he or she deems it necessary. In addition, the Chief Fiscal Officer of the State shall compute the estimated amount of general revenues that will be available for distribution to the respective State Treasury accounts in accordance with the respective percentage distributions of general revenues authorized under the Revenue Stabilization Law, § 19-20-101 et seq.
(B) Each executive head of an agency responsible for administering special revenues or federal funds shall notify the Chief Fiscal Officer of the State of any unusual events that would adversely affect the estimate of the moneys received upon which the agency is operating. The notification shall be given immediately upon knowing of the existence of those events by the executive head of the agency;
(2) Upon completion of revenue estimates for each fiscal year or each fiscal quarter, or monthly if deemed necessary, the Chief Fiscal Officer of the State shall prepare schedules reflecting the estimated amount of general revenues to be available for distribution to the State Treasury funds and accounts for each of the agencies that share in the distribution of general revenue funds of the state, either in whole or in part. In addition, the Chief Fiscal Officer of the State may require the preparation of estimates from the administering agency or prepare estimates of the anticipated amount of special revenues to be available for distribution to those agencies that receive support from special revenues, from both general and special revenues, or from cash funds or other sources;
(3) (A) After preparing the estimates and schedules for each fiscal year, fiscal quarter, or month, the Chief Fiscal Officer of the State shall review the annual operations budgets of each agency.(B) The Chief Fiscal Officer of the State shall institute controls that he or she deems necessary to modify or restrict the level of approved expenditures that may be incurred by each agency to assure that sufficient funds will be available to maintain a minimum level of essential services and programs by each agency without undue interruption or curtailment of the level of programs and essential services provided for any extended period during each fiscal year or that might create circumstances that would institute deficit spending to meet the obligations or services in excess of the funds available for the support thereof, as provided by law; and
(A) After preparing the estimates and schedules for each fiscal year, fiscal quarter, or month, the Chief Fiscal Officer of the State shall review the annual operations budgets of each agency.
(B) The Chief Fiscal Officer of the State shall institute controls that he or she deems necessary to modify or restrict the level of approved expenditures that may be incurred by each agency to assure that sufficient funds will be available to maintain a minimum level of essential services and programs by each agency without undue interruption or curtailment of the level of programs and essential services provided for any extended period during each fiscal year or that might create circumstances that would institute deficit spending to meet the obligations or services in excess of the funds available for the support thereof, as provided by law; and
(4) If in reviewing the annual operations budgets of a state agency, the Chief Fiscal Officer of the State determines that the level of operations of the agency or the projected commitment of the agency is being operated in a manner that would impose serious curtailment of essential services or would create circumstances of deficit spending, then he or she shall immediately notify the executive head of the agency responsible for the operation of the services as to the curtailments and controls that should be instituted to bring the level of operations or services within the necessary fiscal restraints recommended by the Chief Fiscal Officer of the State.
(c) The Chief Fiscal Officer of the State shall furnish a copy of each directive issued under subdivision (b)(4) of this section to the Governor, to the Legislative Council, and to the Legislative Joint Auditing Committee.