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MS SB2839

Bill

Status

Failed

2/2/2010

Primary Sponsor

Hob Bryan

Click for details

Origin

Senate

2010 Regular Session

AI Summary

  • Authorizes the State Bond Commission to make temporary borrowings up to $100,000,000 with notes maturing within three years to provide funds for the State General Fund and alleviate deficits.

  • Amends Section 27-103-203 to remove limits on the Governor's authority to transfer funds from the Working Cash-Stabilization Reserve Fund to cover projected General Fund deficits.

  • Abolishes the Health Care Trust Fund and directs all unrestricted tobacco settlement installment payments to be deposited into the State General Fund beginning on the bill's effective date.

  • Requires the Health Care Trust Fund and Health Care Expendable Fund board of directors to transfer all assets to the State General Fund and dissolves the board once the transfer is complete.

  • Repeals Sections 43-13-401 and 43-15-407 which established the legislative intent and Health Care Expendable Fund.

Legislative Description

Health Care Trust Fund and Health Care Expendable Fund; abolish and transfer assets to the State General Fund.

Last Action

Died In Committee

2/2/2010

Full Bill Text

No bill text available