2017 Senate Bill 311

Cap rainy day fund and spend money instead on schools and municipals

Introduced in the Senate

April 20, 2017

Introduced by Sen. Morris Hood (D-3)

To not make any more deposits into the state rainy day fund, capping its holdings at the 2016 year-end balance of $612 million, and distributing state revenue that would otherwise go into the fund to public schools and local governments.

Referred to the Committee on Appropriations