--%>

Explain Conference Committee

Conference Committee: It is a committee of three members (that is two from the majority party and one from the minority party) from each house, appointed to gather and resolve differences among versions of a bill (example, when one house of the Legislature doesn’t correspond with bill amendments made by the other house). When resolution can’t be reached, the other conference committee can be chosen, however no more than three distinct conference committees can be appointed on any one bill. The budget staff normally refers to the conference committee on an annual budget bill as "the Conference Committee.”

   Related Questions in Finance Basics

  • Q : Explain euro Normal 0 false false false

    Normal 0 false false

  • Q : What is Change Book System Change Book

    Change Book System: The system the Department of Finance employs to record all the legislative modifications (comprising changes stated by the Administration and approved by the Legislature) made to the Governor's Budget and the last actions on the bu

  • Q : What are Feeder Funds Feeder Funds :

    Feeder Funds: For lawful basis accounting purposes, funds into which some taxes or fees are deposited on collection. In some situations administrative costs, collection expenses, and refunds are paid. The balance of such funds is transferable at any t

  • Q : What is Bond Funds Bond Funds : For

    Bond Funds: For legal basis budgeting aims, funds utilized to account for the receipt and disbursement of non-self liquidating common obligation bond proceeds. Such funds do not account for the debt retirement as the liability made by the sale of bond

  • Q : Describe annuity Normal 0 false false

    Normal 0 false false

  • Q : Value $100 is received at the beginning

    $100 is received at the beginning of year 1, $200 is received at the beginning of year 2, and $300 is received at the beginning of year 3. If these cash flows are deposited at 12 percent, their combined future value at the end of year 3 is

  • Q : Computing the amount of excess reserves

    Normal 0 false false

  • Q : Explain marginal cost of capital

    Explain marginal cost of capital schedule (MCC)? Is the schedule always horizontal line? Describe. The marginal cost of capital schedule is graphic depiction of the weighted average cost of capital at distinct levels of financing. The MCC sch

  • Q : Which ratios would long-term bond

    Which ratios would a potential long-term bond investor is most interested in? Describe. Current & potential lenders of long-term funds, such like banks & bondholders, are interested in debt ratios. While a business's debt ratios rise sig

  • Q : Define Final Budget Summary Final

    Final Budget Summary: A document generated by the Department of Finance subsequent to enactment of the Budget Act that reflects the Budget Act, any vetoes to the language and/or appropriations, technical corrections to the Budget Act, and summing up t