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ID S1191

Bill

Official Source

Status

Engrossed

4/1/2015

Primary Sponsor

Finance Committee

Click for details

Origin

Senate

2015 Regular Session

AI Summary

  • Appropriates $25,000,000 from the General Fund to the Budget Stabilization Fund in fiscal year 2016 for estimated statutory distributions in fiscal year 2017.
  • State Controller shall make transfers in four equal quarterly installments of $6,250,000 during September, December, March, and June of fiscal year 2016.
  • Reduces fiscal year 2017 authorized transfers by the amount transferred under this act to offset the advance transfer.
  • Limitation provision remains in effect through June 30, 2017.

Legislative Description

Appropriates and transfers $25,000,000 from the General Fund to the Budget Stabilization Fund in fiscal year 2016; and limits the fiscal year 2017 statutory transfer.

APPROPRIATIONS

Last Action

U.C. to hold place on third reading calendar

4/10/2015

Committee Referrals

Judiciary and Rules3/31/2015

Full Bill Text

No bill text available