HB 20-1406

Abstract

For the purpose of augmenting the amount of revenues in the state general fund, the act requires the state treasurer to make specific transfers to the general fund. On June 30, 2020, the state treasurer is required to transfer $4 million from the petroleum cleanup and redevelopment fund to the petroleum storage tank fund, which total amount will then be transferred to the general fund with 8 transfers of $500,000, beginning on October 15, 2020. On June 30, 2020, the state treasurer is required to transfer the following amounts to the general fund: $2 million from the petroleum cleanup and redevelopment fund; $1 million from the workers' compensation cash fund; $2 million from the unemployment revenue fund; $500,000 from the conveyance safety fund; $1 million from the school safety resource center cash fund; $771,204 from the waste tire market development fund, as it existed prior to its repeal in 2018; $5.6 million from the small communities water and wastewater grant fund; $180,000 from the vital statistics records cash fund; $433,728 from the construction sector fund; $500,000 from the public and private utilities sector fund; $483,535 from the water quality improvement fund; $422,411 from the hazardous waste service fund; $363,243 from the solid waste management fund; $5,372,415 from the waste tire administration, enforcement, market development, and cleanup fund; $1.4 million from the end users fund; $5 million from the off-highway vehicle recreation fund; $2.3 million from the local government permanent fund; and $1.6 million from the marijuana cash fund. On July 1, 2020, the state treasurer is required to transfer the following amounts to the general fund: $1,224,100 from the division of insurance cash fund; $370,795 from the division of banking cash fund; $267,521 from the prescription drug monitoring fund; $130,000 from the state archives and records cash fund; $4,908,395 from an account with the proceeds of sales of real estate that was acquired for military purposes; and $1,007,176 from the highway-rail crossing signalization fund.(Note: This summary applies to this bill as enacted.)