GF/GP TRANSFER TO BSF S.B. 956: COMMITTEE SUMMARY






Senate Bill 956 (as introduced 1-11-06)
Sponsor: Senator Tony Stamas
Committee: Appropriations


Date Completed: 1-17-06

CONTENT
Senate Bill 956 would appropriate and transfer $118.0 million of General Fund/General Purpose revenue to the Counter Cyclical Budget and Economic Stabilization Fund. This transfer would occur during FY 2005-06.

FISCAL IMPACT
The bill would appropriate and transfer from the General Fund/General Purpose budget to the Counter Cyclical Budget and Economic Stabilization Fund the difference between FY 2005-06 estimated General Fund/General Purpose revenue and enacted General Fund/General Purpose appropriations. This transfer and appropriation would increase the projected balance in the Counter Cyclical Budget and Economic Stabilization Fund from $2.0 million to $120.0 million at the close of FY 2005-06.

Fiscal Analyst: Gary Olson

Analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent. 956/0506