Bill
SF 168
Overview: SF 168, Budget reserve account-repeal, was assigned Chapter Number 63 on January 30, 2025.Purpose and Intent: The bill seeks to repeal the state's budget reserve account,
Overview: SF 168, Budget reserve account-repeal, was assigned Chapter Number 63 on January 30, 2025.
Purpose and Intent: The bill seeks to repeal the state's budget reserve account, which is a fund set aside to help stabilize the state's finances during economic downturns.
Key Provisions:
- Repeals the statutory provisions that established the budget reserve account
- Transfers any remaining funds in the account to the state's general fund
Affected Parties and Impacts: The repeal of the budget reserve account would impact the state's overall fiscal management and its ability to weather economic challenges. This could have implications for state services, budgeting, and taxpayers.
Procedural and Timeline Considerations: The bill has been assigned Chapter Number 63, indicating that it has been passed by the legislature and signed into law.
Compiled from official sources — confirm details with the bill’s official record.
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