Inactive Cash Funds

Joint Budget Committee. The bill requires the office of the state controller (office) to transfer, unless otherwise provided, on June 30, 2025, and each June 30 thereafter, the balance of any repealed cash fund to the general fund. The bill requires the office to annually submit a report to the joint budget committee that:

• Identifies any funds that have not been appropriated from in the last 2 state fiscal years and the balance of those funds; and
• Identifies the total amount that the office has transferred to the general fund from repealed cash funds.
  (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)