SF0145: State budgeting and reserves.
Legislative Summary
AN ACT relating to public funds; repealing accounts and subaccounts as specified; amending appropriations, loan authority, distributions and transfers of funds as specified; amending local government audit withholding requirements; modifying the distribution of revenues as specified; authorizing specified state permanent fund reserve accounts to maintain larger balances; requiring certifications before specified investment activities; providing for the transfer of funds to specified reserve accounts; requiring the repayment of transferred funds as specified; providing that balances in specified reserve accounts are intended to be inviolate; removing encumbrances on specified reserve accounts; repealing a guarantee for the school foundation program account; defining legislative intent for future appropriations and budget requests; providing legislative findings; providing for the transfer from and reversion of funds to the repealed accounts and subaccounts; making conforming amendments; repealing obsolete language; requiring reports; and providing for effective dates.
Demographic Impact
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Bill History
Amendments
Senate Committee Amendment SF0145SS001
Senate Appropriations Committee
