SB699
Revenue reserves & budgetary amendments; commitment of funds for Revenue Reserve Fund.
Summary
As Passed House of Origin. Revenue reserves and budgetary amendments.
Provides that if the Governor in the Budget Bill recommends a transfer of funds in the Revenue Reserve Fund in excess of the statutory 15 percent combined balance limit, then the corresponding purpose and proposed use of such transferred funds shall be included within the corresponding budget items. The bill ... (More) also directs that if the Revenue Stabilization Fund and Revenue Reserve Fund are in excess of the statutory 15 percent combined balance limit, the State Comptroller shall transfer such excess amounts to the general fund and present such amounts as an assigned fund balance for nonrecurring expenditures on the Comptroller's preliminary annual report and if such a transfer is required, but the Revenue Stabilization Fund is not in excess of its Constitutional 15 percent balance limit, the amounts required to be transferred shall first be deposited into the Revenue Stabilization Fund instead of the general fund. (Less)-
Bill History
- 01/19/2024 - Senate: Presented and ordered printed 24102559D
- 01/19/2024 - Senate: Referred to Committee on Finance and Appropriations
- 01/23/2024 - Senate: Impact statement from DPB (SB699)
- 02/12/2024 - Senate: Reported from Finance and Appropriations with substitute (15-Y 0-N)
- 02/12/2024 - Senate: Committee substitute printed 24107600D-S1
- 02/12/2024 - Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/13/2024 - Senate: Impact statement from DPB (SB699S1)
- 02/13/2024 - Senate: Read second time
- 02/13/2024 - Senate: Reading of substitute waived
- 02/13/2024 - Senate: Committee substitute agreed to 24107600D-S1
- 02/13/2024 - Senate: Engrossed by Senate - committee substitute SB699S1
- 02/13/2024 - Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/13/2024 - Senate: Passed Senate (40-Y 0-N)
- 02/16/2024 - House: Placed on Calendar
- 02/16/2024 - House: Read first time
- 02/16/2024 - House: Referred to Committee on Appropriations
- 02/21/2024 - House: Reported from Appropriations with substitute (22-Y 0-N)
- 02/21/2024 - House: Committee substitute printed 24108084D-H1
- 02/23/2024 - House: Read second time
- 02/26/2024 - Senate: Impact statement from DPB (SB699H1)
- 02/26/2024 - House: Read third time
- 02/26/2024 - House: Committee substitute agreed to 24108084D-H1
- 02/26/2024 - House: Engrossed by House - committee substitute SB699H1
- 02/26/2024 - House: Passed House with substitute BLOCK VOTE (96-Y 0-N)
- 02/26/2024 - House: VOTE: Block Vote Passage (96-Y 0-N)
- 02/28/2024 - Senate: House substitute rejected by Senate (0-Y 39-N)
- 02/29/2024 - House: House insisted on substitute
- 02/29/2024 - House: House requested conference committee
- 03/04/2024 - Senate: Senate acceded to request (38-Y 0-N)
- 03/04/2024 - Senate: Conferees appointed by Senate
- 03/04/2024 - Senate: Senators: Lucas, Locke, McDougle
- 03/05/2024 - House: Conferees appointed by House
- 03/05/2024 - House: Delegates: Torian, Carr, Austin
- 03/09/2024 - Senate: No further action taken
- 03/09/2024 - Senate: Failed to pass in Senate
