Introduced
by
To revise details in the law governing a state “Rainy Day Fund” and that relate to deposit and withdrawal benchmarks and more. The bill would ban withdrawing money from the fund during a year when the aggregate personal income of residents has risen, allow larger withdrawals when incomes have not risen, raise the cap on how much the fund may hold and more.
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Passed in the House 70 to 37 (details)
To revise details in the law governing a state “Rainy Day Fund” and that relate to deposit and withdrawal benchmarks and more. The bill would ban withdrawing money from the fund during a year when the aggregate personal income of residents has risen, allow larger withdrawals when incomes have not risen, raise the cap on how much the fund may hold and more.
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the bill pass.
