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Bill Detail: SB20-134

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Title Estimate Of Non-fee Sources Of Cash Fund Revenue
Status Signed by the Speaker of the House (03/17/2020)
Bill Subjects
  • State Government
House Sponsors J. Arndt (D)
Senate Sponsors R. Zenzinger (D)
R. Woodward (R)
House Committee Finance
Senate Committee Finance
Date Introduced 01/27/2020
Description

Statutory Revision Committee. 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, in particular, the phrase prior
fiscal year is causing confusion among executive branch departments
and is not necessary for the proper administration of the statute. The bill
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.

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