HB 1298 Summary

• Transfers excess balances from 74 non-general state funds totaling approximately $115.9 million to the general fund for fiscal year 2020-2021, affecting departments including Agriculture, Health, Education, Land and Natural Resources, and Taxation.

• Requires each state department to submit annual reports by October 1 detailing program objectives, performance measures, target populations, and effectiveness assessments for all non-general funds under their control.

• Mandates detailed cost element and accounting reports for each non-general fund, including revenue, expenditures, transfers, encumbrances, and bond-related obligations.

• Allows the governor to modify provisions if necessary to protect federal funding or bond obligations, with reporting to the legislature.

• Takes effect retroactively on June 30, 2021.