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IN SB0414
Bill
Status
1/12/2015
Primary Sponsor
James Merritt
Click for details
AI Summary
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Budget agency determines annually by July 31 whether combined balances of state general fund, Medicaid contingency and reserve account, state tuition reserve fund, and state rainy day fund exceed $1,000,000,000.
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If threshold is exceeded, state general fund investment earnings from the prior fiscal year are distributed to counties proportionally based on each county's population, with distributions made by August 31.
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Each county must establish a county human infrastructure fund to receive and deposit distributions, with funds restricted to health, mental health, education, and nutrition purposes including prenatal care, health screening, mental health services, suicide prevention, childhood obesity services, addiction treatment, early childhood education, and job training.
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County human infrastructure funds cannot be transferred to other county funds and may only be used after appropriation by the county fiscal body.
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Distributions made under the chapter are subtracted from total state reserves for purposes of determining use of state reserves under existing law.
Legislative Description
Use of state general fund investment earnings. Provides that beginning after the 2016 state fiscal year, the investment earnings on the state general fund for the preceding state fiscal year shall be distributed to counties if the combined balances of the state general fund, the Medicaid contingency and reserve account, the state tuition reserve fund, and the state rainy day fund exceed $1,000,000,000. Specifies that the investment earnings are distributed to counties proportionately based on population. Provides that a distribution received by a county may be used, after appropriation by the county fiscal body, only for purposes related to health,
Last Action
First Reading: referred to Committee on Appropriations
1/12/2015