BUDGET STABILIZATION-TRANSFERS
Summary
Amends the State Finance Act. At the end of each fiscal year when the State has a cash balance in excess of $750,000,000, requires that the excess be transferred into the Budget Stabilization Fund. Conditions the State Comptroller's authority to use the Fund to meet deficits and shortfalls upon the agreement of the State Treasurer and advance approval of the General Assembly by adoption of a joint resolution. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Jan 2004
Committee Review
Floor Vote
Governor
Introduced Jan 28, 2004
Last action Jan 11, 2005
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
0
Committee
1
Jan 11, 2005
House · Failed
Session Sine Die
Jan 30, 2004
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Jim Watson
RRepublican
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