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SB21-226

Increase The General Fund Reserve

Concerning an increase in the general fund reserve.
Session:
2021 Regular Session
Subject:
State Revenue & Budget
Bill Summary

Joint Budget Committee. Under current law, the general fund reserve is equal to 2.86% of the amount appropriated for expenditure from the general fund for the fiscal years 2020-21 and 2021-22 and 7.25% of the amount appropriated for the fiscal year 2022-23 and each fiscal year thereafter. The bill increases the percentage used to determine the general fund reserve as follows:

  • 13.53% for the fiscal year 2021-22; and
  • 15% for the fiscal year 2022-23 and each fiscal year thereafter.
    (Note: This summary applies to this bill as introduced.)

Status

Introduced
Passed

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Bill Text

  • All Versions (6 )
    Date Bill Type Documents
    05/11/2021 Final Act PDF
    05/04/2021 Rerevised PDF
    05/03/2021 Revised PDF
    04/09/2021 Reengrossed PDF
    04/08/2021 Engrossed PDF
    04/05/2021 Introduced PDF