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Reduce The General Fund Reserve

Concerning a temporary reduction in the general fund reserve.
2020 Regular Session
State Revenue & Budget
Bill Summary

Under current law, the general fund reserve requirement is equal to 7.25% of the amount appropriated for expenditure from the general fund for the fiscal year. The act reduces the percentage used to determine the general fund reserve as follows:

  • 3.07% for fiscal year 2019-20; and
  • 2.86% for fiscal years 2020-21 and 2021-22.
    (Note: This summary applies to this bill as enacted.)


Became Law


Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    06/30/2020 Signed Act PDF
    06/29/2020 Final Act PDF
    06/12/2020 Rerevised PDF
    06/05/2020 Revised PDF
    06/03/2020 Reengrossed PDF
    06/01/2020 Engrossed PDF
    05/26/2020 Introduced PDF

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details