SB21-225
Repay Cash Funds For 2020 Transfers
Concerning the repayment of cash funds from which money was transferred in 2020 for the purpose of augmenting the general fund.
Session:
2021 Regular Session
Subject:
Bill Summary
State Revenue & Budget
In 2020, the general assembly enacted legislation to require the state treasurer to transfer money from the small communities water and wastewater grant fund and off-highway vehicle recreation fund to the general fund to offset the general fund revenue reduction related to the COVID-19 public health emergency.
The act requires the state treasurer to repay those cash funds by transferring the following amounts from the general fund:
- $5 million to the small communities water and wastewater grant fund; and
- $5 million to the off-highway vehicle recreation fund.
(Note: This summary applies to this bill as enacted.)