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Legislative Year: 2021 Change
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Bill Detail: SB21-283

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Title Cash Fund Solvency
Status Governor Signed (06/23/2021)
Bill Subjects
  • Fiscal Policy & Taxes
House Sponsors J. McCluskie (D)
Senate Sponsors D. Moreno (D)
House Committee Appropriations
Senate Committee Appropriations
Date Introduced 05/19/2021
Summary

Joint Budget Committee. Section 1 of the bill creates the cash

fund solvency fund. The purpose of the fund is to allow the state
controller to transfer money from the fund to another cash fund for which
it is anticipated that there will be a cash deficit. Thereafter, the state
controller is required to transfer the same amount of money from the cash
fund back to the cash fund solvency fund in one or more installments,
which may be over multiple fiscal years. The state controller is required
to annually report to the joint budget committee and the office of state
planning and budgeting about any transfers made.
Section 2 requires the state treasurer to transfer $1,805,317 from
the marijuana tax cash fund to the marijuana cash fund and $1,200,000
from the general fund to the marijuana cash fund. The first transfer repays
the marijuana cash fund for a prior transfer and the second transfer
partially repays the marijuana cash fund.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (08/04/2021) (most recent)  
Additional Bill Documents Bill Documents
Including:
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  • Past fiscal notes
  • Committee activity and documents
  • Bill History
 
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Audio [This feature is available by subscription.]  
Votes House and Senate Votes
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