Rob Woodward
- Republican
Primary
Current law limits the amount of uncommitted reserves that may remain in a cash fund at the end of any fiscal year. The definition of "uncommitted reserves" excludes revenue credited to a cash fund that is estimated to be derived from non-fee sources. Current law further specifies that when calculating the estimated revenue from non-fee sources, the estimate is required to be an amount equal to the portion of total revenues received from non-fee sources in the prior fiscal year. This requirement and the phrase "prior fiscal year" are causing confusion among executive branch departments, and the requirement is not necessary for the proper administration of the statute. The act repeals the requirement that the estimate for non-fee revenue is equal to the portion of total revenues received from non-fee sources in the prior fiscal year. (Note: This summary applies to this bill as enacted.)
Governor Signed
Signed by the Speaker of the House
Sent to the Governor
Signed by the President of the Senate
House Third Reading Passed - No Amendments
House Second Reading Passed - No Amendments
House Committee on Finance Refer Unamended to House Committee of the Whole
Senate Third Reading Passed - No Amendments
Senate Second Reading Passed - No Amendments
Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole
| Bill Text Versions | Format |
|---|---|
| Signed Act (03/23/2020) | |
| Final Act (03/17/2020) | |
| Rerevised (03/11/2020) | |
| Revised (03/10/2020) | |
| Reengrossed (02/18/2020) | |
| Engrossed (02/14/2020) | |
| Introduced (01/27/2020) | |
| Committee Amendment |
| Document | Format |
|---|---|
| Fiscal Note FN1 (02/07/2020) | |
| Fiscal Note FN2 (08/24/2020) |
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