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For fiscal year 2010, JFAC has passed a motion to give the governor authority to tap another $50 million in reserve funds if needed to make up budget shortfalls - half from the state’s main reserve fund, the other half from the public education stabilization fund, which is for schools, which make up about half the state’s budget. “Obviously he can issue additional holdbacks, he can take other additional actions,” said Senate Finance Chairman Dean Cameron. “However, should it be severe, then the other alternative would be to call a special session.”
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