Amends State Constitution to prohibit State from using bonds to balance State budget.

ACR 74 proposes a constitutional amendment to prohibit New Jersey from using bond proceeds to balance its annual state budget. It would amend the state constitution to define "revenue" for budgeting purposes as excluding funds from bond sales or debt, except for new capital projects not previously authorized by law. This directly affects the state government's budgeting process by requiring annual appropriations to be covered by actual revenue, not borrowed funds. The amendment aims to prevent the practice of using bond proceeds to cover regular operating expenses instead of balancing the budget with current revenue.