WeVote
Log In

Bill

Bill

H 373

APPROPRIATIONS – DIVISION OF FINANCIAL MANAGEMENT – Relates to the appropriation to the Division of Financial Management for fiscal year 2026.

68th Legislature, 1st Regular Session (2025)

House Bill H 373 allocates $21,100 for capital improvements while cutting $8,900 from operating costs, enhancing the Division of Financial Management's efficiency for FY 2026.

Reported Signed by Governor on March 24, 2025 Session Law Chapter 158 Effective: 07/01/2025
#appropriations #finance
0
WeVote Research Nonpartisan
Bill Summary · H 373

Summary of House Bill H 373

Overview

House Bill H 373 pertains to the appropriations for the Division of Financial Management for the fiscal year 2026. The bill aims to adjust the budget by providing additional funds for capital outlay while simultaneously reducing the operating expenditures from the General Fund.

Purpose and Intent

The primary intent of H 373 is to ensure that the Division of Financial Management has the necessary resources to maintain and enhance its operations for the fiscal year 2026. This includes funding for hardware replacements and other capital needs while managing overall expenditures effectively.

Key Provisions

  • Additional Appropriation: The bill appropriates $21,100 from the General Fund specifically for capital outlay purposes.
  • Reduction in Operating Expenditures: It also reduces the General Fund appropriation for operating expenditures by $8,900.
  • Total Budget: The total budget for the Division of Financial Management for FY 2026 is set at $44,988,700.
  • Emergency Declaration: The bill declares an emergency, allowing it to take effect immediately on July 1, 2025.

Fiscal Adjustments

  • The bill includes a net increase of $12,200 to the maintenance appropriation for the Division of Financial Management.
  • The adjustments consist of:
    • An ongoing decrease of $8,900 in operating expenditures.
    • A one-time increase of $21,100 for hardware replacement.

Impact

  • Affected Entities: The primary entity affected by this bill is the Division of Financial Management, which will receive the appropriated funds to support its operational needs.
  • Budget Management: The bill reflects a strategic approach to budget management, balancing the need for capital improvements with a reduction in ongoing operational costs.

Procedural Timeline

  • Introduced: March 6, 2025
  • Passed by House: March 11, 2025
  • Passed by Senate: March 17, 2025
  • Signed by Governor: March 24, 2025
  • Effective Date: July 1, 2025

Conclusion

House Bill H 373 is a legislative measure designed to enhance the financial management capabilities of the state while ensuring fiscal responsibility through targeted appropriations. The adjustments made in this bill are aimed at improving operational efficiency within the Division of Financial Management for the upcoming fiscal year.

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

Sign in to ask a question.