CA AB1830

Establishes the Budget Deficit Savings Account in the State Treasury to receive deposits above constitutional minimums required for the Budget Stabilization Account during the 2018-19 fiscal year.

Requires the Controller to transfer updated amounts from the Budget Deficit Savings Account back to the Budget Stabilization Account based on the Department of Finance's May 2019 Revision projection, no earlier than May 31, 2019.

Creates the Safety Net Reserve Fund with two subaccounts (Medi-Cal and CalWORKs) to receive 50% of remaining Budget Deficit Savings Account funds, with the other 50% staying in that account.

Transfers $200,000,000 from the General Fund to the CalWORKs Subaccount upon enactment of the 2018 Budget Act for maintaining program benefits during economic downturns.

Appropriates $8,000 to the Department of Finance to develop rules and methodology for the new accounts, with the Legislature intending to codify final procedures in future legislation.