State Emergency Reserve
| Type | Bill |
|---|---|
| Session | 2021 Regular Session |
| Subjects |
Concerning the state emergency reserve, and, in connection therewith, designating the state emergency reserve for the 2021-22 state fiscal year, creating the state emergency reserve cash fund, and requiring reimbursements for expenditures from a fund that is designated as part of the state emergency reserve to be returned to the fund.
Bill Summary:
Under the Taxpayer's Bill of Rights and the implementing legislation, the state is required to maintain an emergency reserve to be used for declared emergencies (state emergency reserve). The state may use the state emergency reserve for declared emergencies only.
The act designates the cash and capital asset that constitute the state emergency reserve for the 2021-22 fiscal year. It also creates the state emergency reserve cash fund (fund) to be some or all of the state emergency reserve. On June 30, 2021, the state treasurer is required to transfer $101 million from the general fund and $100 million from the controlled maintenance trust fund to the fund. If money from any fund that is designated as part of the state emergency reserve is expended for a declared emergency and the state subsequently receives reimbursement for the expenditure, then the bill requires the state treasurer to deposit the reimbursement into the fund that was the source for the expenditure.
(Note: This summary applies to this bill as enacted.)
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 04/12/2021 | SA1 |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 21-227 to the Committee of the Whole. | The motion passed on a vote of 10-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 21-227 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. | The motion passed on a vote of 7-0. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 04/15/2021 | Third Reading | BILL |
64
AYE
0
NO
1
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 04/09/2021 | Third Reading | BILL |
32
AYE
1
NO
2
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 04/29/2021 | Governor | Governor Signed |
| 04/20/2021 | Governor | Sent to the Governor |
| 04/20/2021 | House | Signed by the Speaker of the House |
| 04/20/2021 | Senate | Signed by the President of the Senate |
| 04/15/2021 | House | House Third Reading Passed - No Amendments |
| 04/14/2021 | House | House Second Reading Special Order - Passed - No Amendments |
| 04/13/2021 | House | House Committee on Appropriations Refer Unamended to House Committee of the Whole |
| 04/09/2021 | House | Introduced In House - Assigned to Appropriations |
| 04/09/2021 | Senate | Senate Third Reading Passed - No Amendments |
| 04/08/2021 | Senate | Senate Second Reading Passed - No Amendments |
| 04/06/2021 | Senate | Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole |
| 04/05/2021 | Senate | Introduced In Senate - Assigned to Appropriations |
Prime Sponsor
Sponsor
Co-Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 04/29/2021 | 69 | State Emergency Reserve |