|
1
|
on hand and that which you propose to be additionally
|
|
2
|
collected.
|
|
3
|
THE CHAIRMAN: That is what we do now.
|
|
4
|
MR. DONAHO: Right.
|
|
5
|
THE CHAIRMAN:: The surplus is used as a balance
|
|
6
|
of the fund.
|
|
7
|
MR. SACHS: Hasn't it your idea, Mr. Lauber, in
|
|
8
|
suggesting that fund, was to avoid the potential political
|
|
9
|
embarrassment of a heavy surplus? Wasn't that really a
|
|
10
|
device to avoid that?
|
|
11
|
MR. LAUBER: That is true, and the reason I
|
|
12
|
felt a constitutional basis, not necessarily definition,
|
|
13
|
but a constitutional base is necessary so that .the legis-
|
|
14
|
lature or Governor cannot use it in any one year for
|
|
15
|
political purposes. If you are going to pile up a couple
|
|
16
|
of million dollars, you don't want somebody to come in and
|
|
17
|
scoop it up.
|
|
18
|
MR. DONAHO: You've got to look at how they
|
|
19
|
estimate, look at the revenues they've got. This idiotic
|
|
20
|
Board of Revenue Estimates, that would be abolished. This
|
|
21
|
is just a political device and they get together, all the
|
