State Emergency Reserve

Joint Budget Committee. The bill requires the state treasurer to make 2 transfers to the state emergency reserve cash fund (fund) on June 30, 2023. First, the state treasurer is required to transfer $20 million from the general fund to the fund. Second, the state treasurer is required to transfer $10 million from the revenue loss restoration cash fund that originates from the general fund to the fund.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)