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ID S1445
Bill
AI Summary
- Appropriates $20,000,000 from the Economic Recovery Reserve Fund to the General Fund for fiscal year 2010
- Appropriates $33,505,000 from the Budget Stabilization Fund to the General Fund for fiscal year 2010
- Appropriates $6,084,700 from the Consumer Protection Fund, $105,000 from the Cleanwater Revolving Fund, and $100,000 from the Resource Conservation and Rangeland Development Fund to the General Fund for fiscal year 2010
- Authorizes additional transfers up to $30,134,600 from the Budget Stabilization Fund and $49,500,000 from the Economic Recovery Reserve Fund on July 1, 2010, if needed to balance the budget
- Authorizes the State Board of Examiners to direct transfers from reserve funds and the Permanent Building Fund (up to $27,944,600) between May 1 and June 30, 2010, if General Fund revenues fall below the $2,280,000,000 legislative target
- Declares an emergency, making most sections effective upon passage and approval
Legislative Description
Authorizes the transfer of Economic Recovery Reserve Fund moneys, Budget Stabilization Fund moneys, and other dedicated fund moneys to the General Fund in fiscal year 2010; authorizes the transfer of Budget Stabilization Fund moneys and Economic Recovery Reserve Fund moneys to the General Fund in fiscal year 2011; authorizes the transfer of Budget Stabilization Fund moneys, Economic Recovery Reserve Fund moneys, and Permanent Building Fund moneys to the General Fund in fiscal year 2010 under certain conditions.
APPROPRIATIONS
Last Action
Governor signed Session Law Chapter 333 Effective: 04/12/10 Sections 1, 2, 3, 4, 5, 8, 9, 10 & 11; 07/01/10 All other sections
4/12/2010
Committee Referrals
Finance3/26/2010
Full Bill Text
No bill text available