Revenue Loss Restoration Cash Fund
| Type | Bill |
|---|---|
| Session | 2021 Regular Session |
| Subjects |
Concerning the creation of a cash fund consisting of certain money that the state receives from the federal coronavirus state fiscal recovery fund so that the money is available for appropriation only in other legislation.
Bill Summary:
The act creates the revenue loss restoration cash fund (fund). The state treasurer is required to transfer $1 billion from the "American Rescue Plan Act of 2021" cash fund to the fund. This amount is a portion of the money that the state receives from the federal coronavirus state fiscal recovery fund that represents the state's revenue loss as calculated under United States department of treasury guidelines.
The general assembly may appropriate or transfer money from the fund to a department for the provision of government services, including kindergarten through twelfth grade public education, housing, state employees, asset maintenance, seniors, criminal justice, state parks, agriculture, and transportation infrastructure. On and after January 1, 2022, the general assembly may only appropriate money from the fund through the annual general appropriation act or a supplemental appropriation act. The money in the fund is allocated to be used over the next 3 fiscal years.
(Note: This summary applies to this bill as enacted.)
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 05/28/2021 | PA1 |
| Date | Version | Documents |
|---|---|---|
| 06/02/2021 | SA1 |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 21-289 to the Committee of the Whole. | The motion passed on a vote of 9-2. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.001 | The motion passed without objection. | Vote summary |
| Refer Senate Bill 21-289, as amended, 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 |
|---|---|---|---|---|
| 06/07/2021 | Third Reading | BILL |
41
AYE
23
NO
1
OTHER
|
Vote record |
| 06/07/2021 | Third Reading | AMD (L.003) |
45
AYE
19
NO
1
OTHER
|
Vote record |
| 06/07/2021 | Third Reading | PERM |
46
AYE
18
NO
1
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 06/07/2021 | House Amendments | REPASS |
32
AYE
0
NO
3
OTHER
|
Vote record |
| 06/07/2021 | House Amendments | CONCUR |
32
AYE
0
NO
3
OTHER
|
Vote record |
| 06/01/2021 | Third Reading | BILL |
35
AYE
0
NO
0
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 06/24/2021 | Governor | Governor Signed |
| 06/15/2021 | Governor | Sent to the Governor |
| 06/15/2021 | House | Signed by the Speaker of the House |
| 06/15/2021 | Senate | Signed by the President of the Senate |
| 06/07/2021 | Senate | Senate Considered House Amendments - Result was to Concur - Repass |
| 06/07/2021 | House | House Third Reading Passed with Amendments - Floor |
| 06/04/2021 | House | House Third Reading Laid Over Daily - No Amendments |
| 06/03/2021 | House | House Second Reading Special Order - Passed with Amendments - Floor |
| 06/03/2021 | House | House Committee on Appropriations Refer Unamended to House Committee of the Whole |
| 06/01/2021 | House | Introduced In House - Assigned to Appropriations |
| 06/01/2021 | Senate | Senate Third Reading Passed - No Amendments |
| 05/28/2021 | Senate | Senate Second Reading Special Order - Passed with Amendments - Committee |
| 05/28/2021 | Senate | Senate Committee on Appropriations Refer Amended - Consent Calendar to Senate Committee of the Whole |
| 05/28/2021 | Senate | Introduced In Senate - Assigned to Appropriations |
Prime Sponsor
Sponsor
Co-Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 06/24/2021 | 316 | Revenue Loss Restoration Cash Fund |