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What is Statute

Statute: It is a written law enacted by the Legislature and signed by the Governor or a vetoed bill overridden by a 2/3 vote of both houses), generally referred to by its chapter number and the year in which it is passed. The statutes which modify a state code are "codified" into the respective Code (example, Government Code, Health and Safety Code).

   Related Questions in Finance Basics

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    Budget Year (BY): The next state fiscal year, starting July 1 and ending June 30, for which the Governor's Budget is proposed (that is, the year following the present fiscal year).

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    Section 1.80: The section of Budget Act which comprises the periods of accessibility for Budget Act appropriations.

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    Governor's Budget Summary (or A-Pages): This is a companion publication to the Governor’s Budget which outlines the Governor’s goals, policies, and objectives for the budget year. This gives a perspective on important fiscal and/or structu