HB18-1035
Increase General Fund Reserve
| Type | Bill |
|---|---|
| Session | 2018 Regular Session |
| Subjects |
Concerning an increase in the amount of the general fund reserve.
Bill Summary:
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.)
Prime Sponsors
Representative
Steve Lebsock
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 01/10/2018 | Introduced |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.003 [Attachment B]. | The motion passed on a vote of 8-5. | Vote summary |
| Adopt amendment L.006 [Attachment D]. | The motion failed on a vote of 3-9. | Vote summary |
| Refer House Bill 18-1035, as amended, to the Committee on Appropriations. | The motion failed on a vote of 4-9. | Vote summary |
| Postpone HB 18-1035 using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely. | The motion passed on a vote of 9-4. | Vote summary |
| Date | Location | Action |
|---|---|---|
| 01/24/2018 | House | House Committee on Finance Postpone Indefinitely |
| 01/10/2018 | House | Introduced In House - Assigned to Finance + Appropriations |