HB22-1342
State Emergency Reserve Cash Fund
Concerning the requirement that interest and income derived from the deposit and investment of federal funds that the state received from the federal coronavirus state fiscal recovery fund be credited to the state emergency reserve cash fund.
Session:
2022 Regular Session
Subjects:
Bill Summary
Fiscal Policy & Taxes
State Government
The act requires the state treasurer to credit any interest and income derived from the deposit and investment of federal funds that the state received from the federal coronavirus state fiscal recovery fund to the state emergency reserve cash fund, which is available for declared emergencies only as required by the taxpayer's bill of rights.
(Note: This summary applies to this bill as enacted.)