Senate committee substitute deletes the content of the 1st edition and instead provides the following.
States legislative findings regarding allowable expenditures under the federal CARES Act.
Directs the State Controller to transfer $645.4 million from the Coronavirus Relief Reserve to the Coronavirus Relief Fund (both established in SL 2020-4). Appropriates the transferred funds to the Office of State Budget and Management (OSBM) on a nonrecurring basis for 2020-21 to offset General Fund appropriations across State government for allowable expenditures from the Coronavirus Relief Fund.
Creates a Statewide Reserve for Appropriations (Reserve) in the General Fund with a negative beginning appropriation balance of $645.4 million. Requires the Reserve to have a $0 balance by December 30, 2020.
Prohibits appropriated funds from being used to increase total State agency or department requirements. Directs OSBM to reduce the net General Fund appropriation in the State agency or department as allowable expenditures are identified, and transfer that appropriation to the Reserve.
Makes the general provisions set out in Part I of SL 2020-4 applicable to the appropriated funds and requires OSBM to include the funds transferred and appropriated in the report required under Section 1.7 of SL 2020-4.
Effective July 1, 2020.
Bill Summaries: S805 (2019-2020 Session)
Bill S 805 (2019-2020)Summary date: Jun 10 2020 - View summary
Bill S 805 (2019-2020)Summary date: May 19 2020 - View summary
Transfers from the General Fund to the State Capital and Infrastructure Fund (Fund) an amount sufficient in nonrecurring funding for 2020-21. Appropriates from the Fund to the Office of State Budget and Management an amount sufficient in nonrecurring funds for 2020-21 to be allocated to the following projects at the Department of Public Safety: Perquimans Youth Detention Center for raise the age modification, juvenile detention beds in Moore County, and construction completion of the Youth Detention Center in Rockingham County.
Reenacts the provisions of the State Budget Act, GS Chapter 143C, and incorporates them into this act by reference. Provides that except where expressly repealed or amended by this act, the provisions of any other legislation enacted during the 2019 Regular Session expressly appropriating funds to an agency, a department, or an institution covered under this act, remain in effect.
Effective July 1, 2020.