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HB20-1398

Modify Automatic Funding Mechanism For Capital Construction

Concerning modifications to the automatic cash fund funding mechanism for payment of future costs attributable to the state's capital assets, and, in connection therewith, making an appropriation.
Session:
2020 Regular Session
Subjects:
Capital Construction
Fiscal Policy & Taxes
Bill Summary

The act:

  • Exempts the legislative department cash fund and the redistricting account in the legislative department cash fund from the definition of "cash fund" for purposes of the requirements under the automatic cash fund funding mechanism for payment of future costs attributable to certain of the state's capital assets;
  • Suspends the automatic cash fund funding mechanism for payment of future costs attributable to certain of the state's capital assets for the 2020-21 state fiscal year;
  • Clarifies that any amount of money that may currently be identified in a capital reserve of the legislative department cash fund or in a capital reserve of the redistricting account is also excluded and may be used for the purposes set forth in the statute that created the cash fund; and
  • Makes an appropriation.
    (Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

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Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    06/29/2020 Signed Act PDF
    06/19/2020 Final Act PDF
    06/06/2020 Rerevised PDF
    06/05/2020 Revised PDF
    06/03/2020 Reengrossed PDF
    06/01/2020 Engrossed PDF
    05/26/2020 Introduced PDF

Sponsors

Sponsor Type Legislators
Prime Sponsor

Rep. D. Esgar, Rep. J. McCluskie
Sen. B. Rankin

Sponsor


Sen. D. Moreno, Sen. R. Zenzinger

Co-sponsor


Sen. J. Tate

COVID-19 Resources
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