General fund revenues; assignment of year-end surplus to Revenue Stabilization Fund. (SB1454)

Introduced By

Sen. Emmett Hanger (R-Mount Solon)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Assignment of year-end surplus.  Provides that if the total amount of general fund revenues actually disbursed or expended at the end of the fiscal year is less than the total amount of general fund revenues actually disbursed or expended for the immediately preceding fiscal year, the Comptroller would assign any general fund balance remaining for any required deposit to the Revenue Stabilization Fund, but thereafter would make no further assignment of the general fund balance. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/21/2011Presented and ordered printed 11104076D
01/21/2011Referred to Committee on Finance
01/31/2011Impact statement from DPB (SB1454)
02/08/2011Left in Finance