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ND HB1066

Bill

Official Source

Status

Passed

3/27/2015

Primary Sponsor

Appropriations Committee

Click for details

Origin

House of Representatives

64th Legislative Assembly

AI Summary

  • Sets the maximum balance for the budget stabilization fund at 9.5 percent of the current biennial state general fund budget, with excess amounts redirected to the state general fund
  • Requires the state treasurer to transfer any amount in the state general fund exceeding $65 million at the end of each biennium to the budget stabilization fund, after deducting amounts that would otherwise transfer under the cap limitation
  • Defines "at the end of any biennium" as the point after cancellation of unexpended appropriations under section 54-44.1-11
  • Becomes effective on July 1, 2015
  • Declared an emergency measure

Legislative Description

The balance of and transfers to the budget stabilization fund; to provide an effective date; and to declare an emergency.

Last Action

Signed by Governor 03/26

3/27/2015

Committee Referrals

Appropriations1/6/2015

Full Bill Text

No bill text available