HB16-1419
FY Fiscal Year 2015-16 Statutory Reserve Reduction
Concerning a reduction in the amount of the general fund reserve required for the fiscal year 2015-16.
Session:
2016 Regular Session
Subject:
Bill Summary
State Revenue & Budget
For the fiscal year 2015-16, the act reduces the statutorily required general fund reserve from 6.5% to 5.6% of the amount appropriated for expenditure from the general fund.
(Note: This summary applies to this bill as enacted.)
(Note: This summary applies to this bill as enacted.)