(a) For any law enacted after July 1, 1986, which results in a net increase in periods of imprisonment in state facilities, there shall be appropriated from recurring revenues the estimated operating cost of such law.
(b) “Operating costs,” as referred to in subsection (a), means all costs other than capital outlay costs.
(c) The amount of appropriations made under subsections (a) and (d) shall be equal to the amounts reflected in fiscal notes prepared by the staff of the fiscal review committee. For purposes of subsection (a), such cost shall be the operating cost, in current dollars, of the highest of the next ten (10) fiscal years commencing after December 4, 1985.
(d) Prior to submission of the budget for fiscal years beginning after 1986-1987, estimates of appropriations made under subsection (a) may be adjusted to determine the amount of appropriations of recurring revenues to be repeated for the ensuing fiscal year. If no adjustment is made, then the amount of appropriations previously made shall be repeated.
(e) Appropriations made under this section shall be placed in a reserve to be used only for the following purposes:
(1) Cancellation of bonds authorized but not yet sold; and
(2) Capital outlay for the department of correction.
(f) Any law enacted without the funding required by this section shall be null and void unless such funding is appropriated in the general appropriations act.