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HB20-1401

Marijuana Tax Cash Fund Spending And Transfer

Concerning the transfer of money from the marijuana tax cash fund to the general fund that is made available due to the repeal of the prohibition on the general assembly appropriating money from the marijuana tax cash fund in the year that the money is received.
Session:
2020 Regular Session
Subject:
State Revenue & Budget
Bill Summary

The act repeals the prohibition on the general assembly appropriating the bulk of the money from the marijuana tax cash fund until the year following the year that the revenue is received by the state. The fund reserve is clarified in light of this change. The state treasurer is required to transfer $136,989,750 from the fund to the general fund on October 1, 2020.


(Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

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Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    06/29/2020 Signed Act PDF
    06/19/2020 Final Act PDF
    06/06/2020 Rerevised PDF
    06/05/2020 Revised PDF
    06/03/2020 Reengrossed PDF
    06/01/2020 Engrossed PDF
    05/26/2020 Introduced PDF

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. D. Esgar, Rep. K. Ransom
Sen. D. Moreno, Sen. B. Rankin

Sponsor

Rep. J. McCluskie
Sen. R. Zenzinger

Co-sponsor

COVID-19 Resources
School Finance Poverty Study RFP 2021 (submit by 10 a.m. 8/6/2021)
Solicitation for Members for the Legislative Task Force Concerning Tax Policy (submit by July 27 12:00 p.m.)
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