Reduce The General Fund Reserve
Summary
Under current law, the general fund reserve requirement is equal to 7.25% of the amount appropriated for expenditure from the general fund for the fiscal year. The act reduces the percentage used to determine the general fund reserve as follows: 3.07% for fiscal year 2019-20; and 2.86% for fiscal years 2020-21 and 2021-22.(Note: This summary applies to this bill as enacted.)
Bill status
signed
all 5 stages cleared
Introduction
May 2020
Committee Review
Jun 2020
House Passage
Jun 2020
Senate Passage
Jun 2020
Signed into Law
Jun 2020
Introduced May 26, 2020
Signed Jun 30, 2020
Floor votes · Senate Jun 12, 2020 · House Jun 13, 2020
How they voted
35–0
Passed
Total votes 35
Jun 12, 2020
D
Democratic20
100% Yea
R
Republican15
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
21
Key actions
5
Committee
2
Amendments
1
Jun 30, 2020
Signed into law
Governor Signed
executive
Jun 13, 2020
House · Passed
House Vote: pass (56-9)
house
Jun 13, 2020
Introduced
House Considered Senate Amendments - Result was to Concur - Repass
lower
Jun 12, 2020
Senate · Passed
Senate Vote: pass (35-0)
senate
Jun 4, 2020
Upper · Passed
Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole
upper
Jun 3, 2020
Introduced
Introduced In Senate - Assigned to Appropriations
upper
May 27, 2020
Lower · Passed
House Committee on Appropriations Refer Unamended to House Committee of the Whole
lower
May 26, 2020
Introduced
Introduced In House - Assigned to Appropriations
lower
4 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Bob Rankin
RRepublican
P
Daneya Esgar
DDemocratic
P
DM
Dominick Moreno
DDemocratic
P
Kim Ransom
RRepublican
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