Cash Fund Solvency
| Type | Bill |
|---|---|
| Session | 2021 Regular Session |
| Subjects |
Concerning cash fund solvency, and, in connection therewith, creating the cash fund solvency fund to allow the state controller to transfer money to certain cash funds with anticipated cash deficits, which amounts will be later repaid, transferring money to the marijuana cash fund, and making and reducing an appropriation.
Bill Summary:
The act creates the cash fund solvency fund from which the state controller may transfer money 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.
The act also requires the state treasurer to transfer to the marijuana cash fund $1,805,317 from the marijuana tax cash fund and $1,200,000 from the general fund.
(Note: This summary applies to this bill as enacted.)
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 05/26/2021 | PA1 |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 21-283 to the Committee of the Whole. | The motion passed on a vote of 7-4. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment J.001 | The motion passed without objection. | Vote summary |
| Refer Senate Bill 21-283, as amended, to the Committee of the Whole. | The motion passed on a vote of 6-1. | Vote summary |
| Activity | Vote | Documents |
|---|
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 06/03/2021 | Third Reading | BILL |
40
AYE
23
NO
2
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 06/03/2021 | House Amendments | REPASS |
30
AYE
4
NO
1
OTHER
|
Vote record |
| 06/03/2021 | House Amendments | CONCUR |
34
AYE
0
NO
1
OTHER
|
Vote record |
| 05/27/2021 | Third Reading | BILL |
25
AYE
10
NO
0
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 06/23/2021 | Governor | Governor Signed |
| 06/15/2021 | Governor | Sent to the Governor |
| 06/15/2021 | House | Signed by the Speaker of the House |
| 06/15/2021 | Senate | Signed by the President of the Senate |
| 06/03/2021 | Senate | Senate Considered House Amendments - Result was to Concur - Repass |
| 06/03/2021 | House | House Third Reading Passed - No Amendments |
| 06/02/2021 | House | House Third Reading Laid Over Daily - No Amendments |
| 06/01/2021 | House | House Second Reading Special Order - Passed with Amendments - Floor |
| 06/01/2021 | House | House Committee on Appropriations Refer Unamended to House Committee of the Whole |
| 05/28/2021 | House | Introduced In House - Assigned to Appropriations |
| 05/27/2021 | Senate | Senate Third Reading Passed - No Amendments |
| 05/26/2021 | Senate | Senate Second Reading Special Order - Passed with Amendments - Committee |
| 05/26/2021 | Senate | Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole |
| 05/19/2021 | Senate | Introduced In Senate - Assigned to Appropriations |
Prime Sponsor
Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 06/23/2021 | 303 | Cash Fund Solvency |