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FL H5011
Bill
Status
Vetoed
6/2/2022
Primary Sponsor
Appropriations Committee
Click for details
AI Summary
- Creates the Inflation Fund within the Executive Office of the Governor under new Section 216.1813, Florida Statutes
- Establishes the fund as the primary funding source to offset budget amendments by state agencies or the judicial branch when inflation exceeds amounts appropriated in the General Appropriations Act
- Cites federal economic policies and COVID-19 pandemic spending as contributing to consumer prices rising at the fastest pace in over 30 years, necessitating state-level budget flexibility
- Scheduled for automatic termination on July 1, 2026, unless terminated sooner, with a required review prior to termination as provided in s. 215.3206(1) and (2)
- Effective date of July 1, 2022
Legislative Description
Inflation Fund
Last Action
Vetoed by Governor
6/2/2022
Full Bill Text
No bill text available