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AR HB1832
Bill
Status
4/5/2011
Primary Sponsor
Kathy Webb
Click for details
AI Summary
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Creates the "88th Session Projects Account" within the General Improvement Fund to finance projects and programs authorized by the 88th General Assembly
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Transfers unobligated monies to the new account from: remaining General Improvement Fund balances as of June 30, 2011; unallocated General Revenue Allotment Reserve Fund balances as of July 2, 2011; 50% of interest earned on State Treasury fund balances through June 30, 2013; and special revenues from estate taxes
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Requires expenditures from the account to be documented to the Chief Fiscal Officer showing all appropriation criteria or pre-conditions have been met, with matching funds certified before project commencement
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Fund recipients must undergo compliance audits and are subject to Division of Legislative Audit review to ensure funds are used in compliance with General Assembly intent
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Takes effect July 1, 2011 under emergency clause due to enacted appropriations exceeding estimated available funding
Legislative Description
The Distribution Of The Eighty-eighth Session Projects Account Of The General Improvement Fund To Provide Additional Funds For The State Budget.
Last Action
House Notification that HB1832 is now Act 1117
4/5/2011