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Legislative Year: 2021 Change
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Bill Detail: SB21-227

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Title State Emergency Reserve
Status Governor Signed (04/29/2021)
Bill Subjects
  • State Revenue & Budget
House Sponsors K. Ransom (R)
Senate Sponsors D. Moreno (D)
B. Rankin (R)
House Committee Appropriations
Senate Committee Appropriations
Date Introduced 04/05/2021
Summary


Joint Budget Committee. Under the Taxpayer's Bill of Rights and
the implementing legislation, the state is required to maintain an
emergency reserve to be used for declared emergencies (state emergency
reserve). The state may use the state emergency reserve for declared
emergencies only.
Section 1 of the bill designates the cash and capital asset that
constitute the state emergency reserve for the 2021-22 fiscal year.
Section 2 creates the state emergency reserve cash fund (fund) to
be some or all of the state emergency reserve. On June 30, 2021, the state
treasurer is required to transfer $101 million from the general fund and
$100 million from the controlled maintenance trust fund to the fund.
If money from any fund that is designated as part of the state
emergency reserve is expended for a declared emergency and the state
subsequently receives reimbursement for the expenditure, then the bill
requires the state treasurer to deposit the reimbursement into the fund that
was the source for the expenditure.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (04/05/2021) (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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