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.
SAVINGS RESERVE/ADDITIONAL FUNDING.
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| View NCGA Bill Details | 2019-2020 Session |
AN ACT TO TRANSFER ADDITIONAL FUNDING TO THE SAVINGS RESERVE.Intro. by Brown, Harrington, B. Jackson.
Status: Re-ref to Appropriations/Base Budget. If fav, re-ref to Rules and Operations of the Senate (Senate action) (May 20 2020)
Bill History:
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Tue, 19 May 2020 Senate: Filed
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Wed, 20 May 2020 Senate: Passed 1st Reading
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Wed, 20 May 2020 Senate: Ref To Com On Rules and Operations of the Senate
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Wed, 20 May 2020 Senate: Withdrawn From Com
S 807
Bill Summaries:
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Bill S 807 (2019-2020)Summary date: May 19 2020 - View Summary
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