WeVote
Log In

Bill

Bill

S 5004

Amends Fiscal Year 2026 annual appropriations act to reassign appropriation for Salvation and Social Justice to Greater Mount Zion Community Development Corporation.

2024-2025 Regular Session

Shifts funds in the FY2026 appropriations act from Salvation and Social Justice to the Greater Mount Zion Community Development Corporation.

#banking
0
WeVote Research Nonpartisan
Bill Summary · S 5004

Summary of S 5004

A brief, accessible overview of the bill and its potential impact.

Overview and Purpose

  • Bill number: S 5004
  • Title: Amends Fiscal Year 2026 annual appropriations act to reassign appropriation for Salvation and Social Justice to Greater Mount Zion Community Development Corporation.
  • Primary subject: Banking
  • Introduced: February 18, 2025
  • Primary sponsor: Jake Ashby
  • Companion bill: A 6180 (companion)

Purpose: The bill intends to reallocate a specific appropriation within the Fiscal Year 2026 annual appropriations act from the entity identified as Salvation and Social Justice to the Greater Mount Zion Community Development Corporation.

Key Provisions (as described by the summary)

  • Reassignment within the FY2026 annual appropriations act: A designated appropriation currently earmarked for Salvation and Social Justice would be redirected to the Greater Mount Zion Community Development Corporation.
  • Scope: The reallocation appears to occur within the framework of the state’s banking/appropriations structure. The exact dollar amount and line-item details are not provided in the available information.
  • Relation to existing law: The change would amend the appropriations portion of the FY2026 act; specifics about reporting, oversight, or conditions would come from the enacted appropriations framework.

Affected Parties

  • Salvation and Social Justice: Likely an organization or program currently receiving the designated appropriation.
  • Greater Mount Zion Community Development Corporation: The recipient of the reallocated funds.
  • Potentially state agencies or oversight bodies administering the FY2026 appropriations, depending on how the line item is structured in the act.

Procedural History and Timeline

  • Introduced: Feb 18, 2025
  • Legislative actions recorded: Two entries on Feb 18, 2025 both state “REFERRED TO HIGHER EDUCATION” (indicating referral to the Higher Education committee or its equivalent; a duplication may reflect parallel committee referrals or a clerical note).
  • Status: Not explicitly stated in the provided information.
  • Related action: Companion bill A 6180 (same matter in a different chamber).

Potential Impact

  • Fiscal impact: Shifts funding from Salvation and Social Justice to Greater Mount Zion Community Development Corporation within the FY2026 appropriation package; the net effect on total appropriations would depend on the original amount.
  • Programmatic impact: Could alter funding for activities associated with Salvation and Social Justice and enable Greater Mount Zion CDC to undertake its programs with the reallocated funds.
  • Oversight and accountability: Changes would be governed by the standard monitoring requirements attached to the FY2026 appropriations, including any reporting or compliance provisions specified in the act.

Notes for Readers

  • The available summary does not include the exact dollar amount or specific line-item details.
  • If you’re tracking movement, monitor committee reports from Higher Education and any floor action on S 5004 and its companion A 6180.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.