HB18-1372
Exempt Fund From Capital Construction Funding Mechanism
Concerning an exemption of the regional center depreciation account in the capital construction fund from the definition of cash fund for purposes of the requirements under the automatic cash fund funding mechanism for payment of future costs attributable to certain of the state's capital assets.
Session:
2018 Regular Session
Subjects:
Bill Summary
Capital Construction
State Government
Capital construction - automatic funding mechanism for payment of future costs - exemption of cash fund. The act exempts the department of human services' regional center depreciation account in the capital construction fund from the definition of "cash fund" for purposes of the requirements under the automatic cash fund funding mechanism for payment of future costs attributable to certain of the state's capital assets.
(Note: This summary applies to this bill as enacted.)