FINANCE-BRIDGE FUND TRANSFER

HB 5801 amends the State Finance Act to require the transfer of specific funds from various state accounts into the Budget Reserve for Immediate Disbursements and Governmental Emergencies Fund. This bill directly affects multiple state funds, including those for open space lands, medical cannabis, law enforcement, and wildlife conservation, by mandating that the State Comptroller and Treasurer move designated amounts from each into the reserve. The legislation sets a deadline of July 31, 2025, for completing these transfers, which range from small sums like $43,000 to larger amounts like $15 million. By repealing previous rules that required transfers to the reserve from certain funds, this act establishes a new, comprehensive list of sources for the budget reserve.