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ID H0302
Bill
Status
4/8/2019
Primary Sponsor
Appropriations Committee
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AI Summary
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Authorizes the State Board of Examiners to direct the State Controller to transfer unencumbered moneys from the Budget Stabilization Fund to the General Fund at the end of fiscal year 2019 if insufficient General Fund revenues are available.
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Limits transfers to the lesser of the actual insufficiency or 3.85% of the original General Fund appropriations made for fiscal year 2019.
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Requires any transfer made pursuant to this authority to be specifically addressed in the Governor's executive budget recommendation for the following year, which remains subject to Legislature review or action.
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Declares an emergency, making the act effective immediately upon passage and approval.
Legislative Description
Relates to the year-end transfer authority of the Board of Examiners.
APPROPRIATIONS
Last Action
Bill Previously Held at Desk, Referred to Appropriations
4/9/2019