Reversionary budget. The BSL should specify the procedure that applies in the event that the annual budget is not adopted by the legislature by the due date. Most BSLs base reversionary budgets on the spending approved in the most recent budget law. A typical option is to specify that the budget in the new fiscal year would be executed at a monthly rate of 1/12th of the budget appropriations of the previous fiscal year (possibly with an exception for investment project spending that is “lumpy” in execution). Such a rule prevents the executive from introducing new budget policies or projects without legislative approval.

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