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Legislative Year: 2020 Change
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Bill Detail: SB20-141

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Title Cash Funds Maximum Reserve Exception
Status Senate Committee on Finance Postpone Indefinitely (02/25/2020)
Bill Subjects
  • Fiscal Policy & Taxes
House Sponsors
Senate Sponsors D. Hisey (R)
House Committee
Senate Committee Finance
Date Introduced 01/27/2020
Description

A cash fund with fee revenue has a limit on the amount of
uncommitted reserves that there may be at the end of a fiscal year, which
limit is equal to 16.5% of the amount expended from the cash fund during
the fiscal year. The bill exempts from this maximum reserve the
following cash funds administered by the division of fire prevention and

control in the department of public safety:
  • The fire suppression cash fund;
  • The public school construction and inspection cash fund;
and
  • The health facility construction and inspection cash fund.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (02/06/2020) (most recent)  
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