Requires the State Controller to transfer an additional $623 million in nonrecurring funds for 2020-21 to the Savings Reserve. Specifies that this is not an "appropriation made by law" as used in Article V of the State Constitution. Effective July 1, 2020.
Bill Summaries: S 807 SAVINGS RESERVE/ADDITIONAL FUNDING.
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Bill S 807 (2019-2020)Summary date: May 19 2020 - View Summary