the State are directed to budget and allocate appropriations as a quarterly allocation, so as to provide for operation on uniform standards throughout the fiscal year. and in order to avoid an Agencies, departments, and institutions of the State are prohibited from expending authorized appropriations at a rate which predicts or projects a general fund operating deficit for the fiscal year. It is recognized that academic year calendars of state institutions affect the uniformity of the receipt and distribution of funds during the year. The Comptroller General or the Office of State Budget shall make reports to the board as they consider advisable on an agency, department, or institution that is expending authorized appropriations at a rate which predicts or projects a general fund deficit for the agency, department, or institution. The board is directed to require the agency, department, or institution to file a quarterly allocations plan and is further authorized to restrict the rate of expenditures of the agency, department, or institution if the board determines that a deficit may occur. It is the responsibility of the agency, department, or institution to develop a plan, in consultation with the board, which eliminates or reduces a deficit. If the board makes a finding that the cause of, or likelihood of, a deficit is unavoidable due to factors which are outside the control of the agency, department, or institution, then the board may determine that the recognition of the agency, department, or institution is appropriate and shall notify the General Assembly of this action or the presiding officer of the House and Senate if the General Assembly is not in session. The board only may recognize a deficit by a vote of at least four members of the board.” SECTION 2. Section 111495(C) of the 1976 Code is amended to read: Any agency, department, or institution that is projected to “(C) run a deficit and cannot develop or implement a plan to eliminate the deficit pursuant to subsection (B) must provide the General Assembly with written notice of the projected deficit and formally request a supplemental appropriation. The request for supplemental appropriations must contain a thorough programmatic analysis of the agency, department, or institution’s expenditures, an explanation of the circumstances resulting in the projected deficit, an explanation concerning why the agency, department, or institution cannot comply with the provisions of subsection (B) concerning a plan to eliminate the projected deficit,
the State are directed to budget and allocate appropriations as a quarterly allocation, so as to provide for operation on uniform standards throughout the fiscal year. and in order to avoid an Agencies, departments, and institutions of the State are prohibited from expending authorized appropriations at a rate which predicts or projects a general fund operating deficit for the fiscal year. It is recognized that academic year calendars of state institutions affect the uniformity of the receipt and distribution of funds during the year. The Comptroller General or the Office of State Budget shall make reports to the board as they consider advisable on an agency, department, or institution that is expending authorized appropriations at a rate which predicts or projects a general fund deficit for the agency, department, or institution. The board is directed to require the agency, department, or institution to file a quarterly allocations plan and is further authorized to restrict the rate of expenditures of the agency, department, or institution if the board determines that a deficit may occur. It is the responsibility of the agency, department, or institution to develop a plan, in consultation with the board, which eliminates or reduces a deficit. If the board makes a finding that the cause of, or likelihood of, a deficit is unavoidable due to factors which are outside the control of the agency, department, or institution, then the board may determine that the recognition of the agency, department, or institution is appropriate and shall notify the General Assembly of this action or the presiding officer of the House and Senate if the General Assembly is not in session. The board only may recognize a deficit by a vote of at least four members of the board.” SECTION 2. Section 111495(C) of the 1976 Code is amended to read: “(C) Any agency, department, or institution that is projected to run a deficit and cannot develop or implement a plan to eliminate the deficit pursuant to subsection (B) must provide the General Assembly with written notice of the projected deficit and formally request a supplemental appropriation. The request for supplemental appropriations must contain a thorough programmatic analysis of the agency, department, or institution’s expenditures, an explanation of the circumstances resulting in the projected deficit, an explanation concerning why the agency, department, or institution cannot comply with the provisions of subsection (B) concerning a plan to eliminate the projected deficit,
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