Introduced
by
To authorize transferring the unreserved balance from the budget stabilization fund (BSF or “rainy day fund”) to the state General Fund at the end of the 2005 fiscal year (Sept. 30, 2005). Note: Under current law, when the BSF balance is below $250 million, a multi-year phase-out of the Single Business Tax on businesses is postponed. This has been the status since 2002.
Referred to the Committee on Appropriations
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that specifies the amount of the "rainy day fund" withdrawal: $81.3 million.
The substitute passed by voice vote
Passed in the Senate 37 to 0 (details)
To authorize transferring $81.3 million from the budget stabilization fund (BSF or “rainy day fund”) to the state General Fund at the end of the 2005 fiscal year (Sept. 30, 2005), leaving $2.4 million in the fund.
Referred to the Committee on Appropriations
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 105 to 0 (details)
To authorize transferring $81.3 million from the budget stabilization fund (BSF or “rainy day fund”) to the state General Fund at the end of the 2005 fiscal year (Sept. 30, 2005), leaving $2.4 million in the fund.
