AR SB5

Transfer reclaimed or recovered fiscal year 2021 unexpended general revenue balances to the Executive/Legislative 3/5 Vote Set-Aside to bring total balance to $50,000,000, with all remaining funds going to the Unallocated Restricted Reserve Majority Vote Set-Aside.

Authorize the Chief Fiscal Officer to make a one-time transfer of up to $50,000,000 from the Long Term Reserve Fund to the General Revenue Allotment Reserve Fund before March 31, 2022.

Permit the Chief Fiscal Officer to transfer up to $50,000,000 from the General Revenue Allotment Reserve Fund to the Economic Development Incentive Quick Action Closing Fund for qualified steel manufacturers, effective through March 31, 2022.

Declare an emergency due to insufficient funds in reserve accounts for unanticipated circumstances and essential governmental services, making the act effective immediately upon governor approval or veto expiration.