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SB18-276

Increase General Fund Reserve

Concerning an increase in the general fund reserve.
Session:
2018 Regular Session
Subject:
Fiscal Policy & Taxes
Bill Summary

General fund reserve - increase. For the fiscal year 2018-19, and each fiscal year thereafter, the act increases the statutorily required general fund reserve from 6.5% to 7.25% of the amount appropriated for expenditure from the general fund. The act also repeals the following exceptions from the definition of expenditure that is used to calculate the general fund reserve:

  • Rental and other payments under a lease-purchase agreement for real property included in a separate, operating line item; and
  • Money that the state controller credits from the general fund to the capital construction fund or to the principal of the controlled maintenance trust fund.
    (Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

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Bill Text

COVID-19 Resources
NORTH ENTRANCE IS CURRENTLY CLOSED.  TO ENTER THE CAPITOL, USE THE SOUTH ENTRANCE, UNDER THE STAIRS, AT 14th AVENUE AND SHERMAN STREET.