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HB18-1035

Increase General Fund Reserve

Concerning an increase in the amount of the general fund reserve.
Session:
2018 Regular Session
Subject:
Fiscal Policy & Taxes

For the fiscal year 2017-18 and each fiscal year thereafter, the general fund reserve required by law is currently equal to 6.5% of the amount appropriated for expenditure from the general fund. The bill increases the general fund reserve to:

  • 7% for the fiscal year 2018-19;
  • 7.5% for the fiscal year 2019-20; and
  • 8% for the fiscal year 2020-21 and each fiscal year thereafter.
    (Note: This summary applies to this bill as introduced.)

Status

Introduced
Under Consideration

Bill Text

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. S. Lebsock

Sponsor

Co-sponsor

Upcoming Schedule