,,iv  #aae? ,,congress  #a/ ,session    
,h4 ,,con4 ,,res4 #gc  ,,9 ,,! ,,h\se   
,,( ,,repres5tatives  ,july #bf1        
#bjag,mr4 ,mess] 7= himself1 ,mr4       
,cram]1 ,mr4 ,h>p]1 & ,mr4 ,jody ,b4    
,hice ( ,georgia7 submitt$ ! foll[+     
concurr5t resolution2 :i* 0 ref]r$ to ! 
,committee on ! ,judici>y  ,,concurr5t  
,,resolution  ,effectuat+ ! ,compact = a
 ,balanc$ ,budget4  #a4 ,concurr5t      
resolution to effectuate ! ,compact = a 
,balanc$ ,budget  7a7 ,decl>ation ,!    
,congress det]m9es & decl>es t ?is      
concurr5t resolution calls ! ,conv5tion 
contemplat$ by ! ,compact = a ,balanc$  
,budget "u article ,v ( ! ,unit$ ,/ates 
,con/itution1 & ref]s = ratification !  
,balanc$ ,budget ,am5dm5t contemplat$ by
 ! ,compact = a ,balanc$ ,budget4  7b7  
,table ( cont5ts ,! table ( cont5ts =   
?is resolution is z foll[s3 ,sec4 #a4   
,concurr5t resolution to effectuate !   
,compact = a ,balanc$ ,budget4 ,title   
,i--,concurr5t ,resolution              
,prospectively ,call+ ,conv5tion        

,contemplat$ by ,compact = a ,balanc$   
,budget ,sec4 #aja4 ,effective date4    
,sec4 #ajb4 ,conv5tion call4 ,sec4 #ajc4
 ,t]m9ation date4 ,title                
,,ii--,concurr5t ,resolution            
,prospectively ,ref]r+ ! ,balanc$       
,budget ,am5dm5t to ,/ate ,legislatures 
= ,ratification ,sec4 #bja4 ,effective  
date4 ,sec4 #bjb4 ,ref]ral to           
legislatures ( ! sev]al ,/ates =        
ratification4  ,i ,concurr5t ,resolution
 ,prospectively ,call+ ,conv5tion       
,contemplat$ by ,compact = a ,balanc$   
,budget  #aja4 ,effective date ,?is     
title does n take effect until ,congress
 receives suffici5t c]tifi$ con=m+      
copies ( ! *apt]$ v]sion ( ! ,compact = 
a ,balanc$ ,budget =m$ initially by !   
,/ate ( ,georgia & ! ,/ate ( ,alaska    
pursuant to #bjad ,georgia ,laws ,act   
#dge 7,h4,b4 #gid7 & #bjad ,alaska ,laws
 ,*4 #ab 7,h4,b4 #bhd71 respectively1 z 
x may be jo9$ by additional ,/ates &    
am5d$ f "t to "t 7,compact = a ,balanc$ 
,budget71 evid5c+ t at lea/ ?ree-f\r?s (

 ! sev]al ,/ates are ,memb] ,/ates ( !  
,compact = a ,balanc$ ,budget & h made  
application !reund] = a conv5tion =     
propos+ am5dm5ts "u article ,v ( !      
,unit$ ,/ates ,con/itution4  #ajb4      
,conv5tion call ,^u ! effective date (  
?is title1 be x resolv$ by ! ,h\se (    
,repres5tatives ( ! ,unit$ ,/ates 7!    
,s5ate concurr+71 ,congress h]eby calls 
a conv5tion = propos+ am5dm5ts "u       
article ,v ( ! ,unit$ ,/ates            
,con/itution 9 accordance ) ! ,compact =
 a ,balanc$ ,budget4  #ajc4 ,t]m9ation  
date ,if = any reason ! conv5tion =     
propos+ am5dm5ts "u article ,v ( !      
,unit$ ,/ates ,con/itution contemplat$  
h]e9 has n p]man5tly adj\rn$ )9 "o ye> f
 ! effective date ( ?is title1 all      
titles ( ?is resolution %all become null
 & void ab initio & %all be deem$       
repeal$ 9 its entirety4  ,,ii ,concurr5t
 ,resolution ,prospectively ,ref]r+ !   
,balanc$ ,budget ,am5dm5t to ,/ate      
,legislatures = ,ratification  #bja4    
,effective date ,?is title does n take  

effect until ,congress receives a       
c]tifi$ con=m+ copy ( ! ,balanc$ ,budget
 ,am5dm5t1 z def9$ by ! ,compact = a    
,balanc$ ,budget & describ$ h]e91       
evid5c+ t ! conv5tion = propos+ am5dm5ts
 "u article ,v ( ! ,unit$ ,/ates        
,con/itution organiz$ !reund] has       
approv$ & propos$ ! same = ratification4
  #bjb4 ,ref]ral to legislatures ( !    
sev]al ,/ates = ratification ,^u !      
effective date ( ?is title1 be x resolv$
 by ! ,h\se ( ,repres5tatives ( ! ,unit$
 ,/ates 7! ,s5ate concurr+71 t ! foll[+ 
article has be5 propos$ z an am5dm5t to 
! ,con/itution ( ! ,unit$ ,/ates by a   
conv5tion = propos+ am5dm5ts "u article 
,v ( ! ,unit$ ,/ates ,con/itution1 :i*  
%all be valid to all int5ts & purposes z
 "p ( ! ,con/itution :5 ratifi$ by !    
legislatures ( ?ree-f\r?s ( ! sev]al    
,/ates )9 sev5 ye>s aft] ! date ( its   
submission = ratification3   --  #a4    
,total outlays ( ! ,gov]nm5t ( ! ,unit$ 
,/ates %all n exce$ total receipts ( !  
,gov]nm5t ( ! ,unit$ ,/ates at any po9t 

9 "t unless ! excess ( outlays ov]      
receipts is f9anc$ exclusively by debt  
issu$ 9 /rict con=mity ) ?is article4   
#b4 ,out/&+ debt %all n exce$ au?oriz$  
debt1 :i* initially %all be an am\nt    
equal to #aje p]c5t ( ! out/&+ debt on !
 effective date ( ?is article4 ,au?oriz$
 debt %all n be increas$ above its      
a=esaid initial am\nt unless su*        
increase is fir/ approv$ by !           
legislatures ( ! sev]al ,/ates z provid$
 9 section #c4  #c4 ,f "t to "t1        
,congress may increase au?oriz$ debt to 
an am\nt 9 excess ( its initial am\nt   
set by section #b only if x fir/        
publicly ref]s to ! legislatures ( !    
sev]al ,/ates an unconditional1 s+le    
subject measure propos+ ! am\nt ( su*   
increase1 9 su* =m z provid$ by law1 & !
 measure is !reaft] publicly &          
unconditionally approv$ by a simple     
majority ( ! legislatures ( ! sev]al    
,/ates1 9 su* =m z provid$ respectively 
by ,/ate law2 provid$ t no inducem5t    
requir+ an exp5diture or tax levy %all  

be dem&$1 (f]$ or accept$ z a quid pro  
quo = su* approval4 ,if su* approval is 
n obta9$ )9 #fj cal5d> days aft] ref]ral
 !n ! measure %all be deem$ disapprov$ &
 ! au?oriz$ debt %all !reby rema9       
un*ang$4  #d4 ,:5ev] ! out/&+ debt      
exce$s #ih p]c5t ( ! debt limit set by  
section #b1 ! ,presid5t %all en=ce said 
limit by publicly designat+ specific    
exp5ditures = imp\ndm5t 9 an am\nt      
suffici5t to ensure out/&+ debt %all n  
exce$ ! au?oriz$ debt4 ,said imp\ndm5t  
%all become effective #cj days !reaft]1 
unless ,congress fir/ designates an     
alt]nate imp\ndm5t ( ! same or great]   
am\nt by concurr5t resolution1 :i* %all 
become imm$iately effective4 ,! failure 
( ! ,presid5t to designate or en=ce !   
requir$ imp\ndm5t is an impea*able      
misdemeanor4 ,any purport$ issuance or  
incurr5ce ( any debt 9 excess ( ! debt  
limit set by section #b is void4  #e4   
,no bill t provides = a new or increas$ 
g5]al rev5ue tax %all become law unless 
approv$ by a two-?irds roll call vote ( 

! :ole numb] ( ea* ,h\se ( ,congress4   
,h[ev]1 ?is requirem5t %all n apply to  
any bill t provides = a new end us]     
sales tax :i* w\ld completely replace e 
exi/+ income tax levi$ by ! ,gov]nm5t ( 
! ,unit$ ,/ates2 or = ! r$uction or     
elim9ation ( an exemption1 d$uction1 or 
cr$it all[$ "u an exi/+ g5]al rev5ue    
tax4  #f4 ,= purposes ( ?is article1    
debt means any obligation back$ by !    
full fai? & cr$it ( ! ,gov]nm5t ( !     
,unit$ ,/ates2 out/&+ debt means all    
debt held 9 any acc\nt & by any entity  
at a giv5 po9t 9 "t2 au?oriz$ debt means
 ! maximum total am\nt ( debt t may be  
lawfully issu$ & out/&+ at any s+le po9t
 9 "t "u ?is article2 total outlays ( ! 
,gov]nm5t ( ! ,unit$ ,/ates means all   
exp5ditures ( ! ,gov]nm5t ( ! ,unit$    
,/ates f any s\rce2 total receipts ( !  
,gov]nm5t ( ! ,unit$ ,/ates means all   
tax receipts & o!r income ( ! ,gov]nm5t 
( ! ,unit$ ,/ates1 exclud+ proce$s f its
 issuance or incurr5ce ( debt or any    
type ( liability2 imp\ndm5t means a     

proposal n to sp5d all or "p ( a sum (  
money appropriat$ by ,congress2 & g5]al 
rev5ue tax means any income tax1 sales  
tax1 or value-add$ tax levi$ by !       
,gov]nm5t ( ! ,unit$ ,/ates exclud+     
impo/s & duties4  #g4 ,?is article is   
imm$iately op]ative ^u ratification1    
self-en=c+1 & ,congress may enact con=m+
 legislation to facilitate en=cem5t4  4