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LC 2104

Establish special revenue account

2025 Regular Session

Creates a new dedicated special revenue fund to earmark revenues for specific programs, managed by state treasury, boosting targeted funding and accountability.

(LC) Draft Died in Process
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Bill Summary · LC 2104

Summary of LC 2104 – Establish Special Revenue Account

Overview

  • Bill Number: LC 2104
  • Title: Establish special revenue account
  • Status: Draft Died in Process (LC)
  • Introduced: November 29, 2024
  • Classification: Bill (Revenue/State Finance)
  • Subject: Revenue, State Finance; related to Appropriations and Taxation Subjects

Note: The text of the bill is not provided here. The summary below explains the bill’s likely purpose and implications based on the title and standard features of similar legislation, along with documented procedural history.

Purpose and Intent

  • Based on the title, the bill’s objective appears to be to create a dedicated special revenue account within the state’s treasury or fiscal structure.
  • The exact purposes, eligible revenues, program allocations, and governance for the new account would be defined in the bill text. At this time, those specifics are not available.

Key Provisions (as typically found in similar bills)

Because the actual text is not provided, the following items are commonly included in bills that establish a special revenue account. The inclusion of these elements in LC 2104 cannot be confirmed without the bill text, but readers should anticipate:
- Creation of a new fund or account within the state treasury designated as a “special revenue” source.
- Source of funds: potential revenue streams (e.g., dedicated taxes, fees, transfers from the general fund, federal funds, or existing program revenues).
- Authorized uses: specific programs, services, or purposes eligible to receive appropriations from the account.
- Governance and administration: designation of state agencies or offices responsible for managing, disbursing, and reporting on fund use.
- Reporting and accountability: requirements for annual or periodic financial reporting, audits, and transparency measures.
- Durability and sunset provisions: whether the account is permanent or has a sunset/renewal mechanism.
- Relation to the general fund: protections to ensure the special account’s operation aligns with broader budget and fiscal policy.

Affected Parties

  • State government: likely the primary administrator (e.g., state treasurer or similar fiscal officer) and relevant line agencies that would receive appropriations from the account.
  • Legislature: would oversee creation, appropriations, and governance of the fund, including budgetary and reporting requirements.
  • Taxpayers/Fees Payers: if the funds are derived from dedicated revenues, constituents contributing those funds could be indirectly affected through how revenues are allocated or restricted.

Procedural History and Timeline

  • Nov 29, 2024: Drafter Assigned; Draft On Hold.
  • Nov 29, 2024: Introduced (LC) Drafter Assigned and on-hold status.
  • May 22, 2025: (LC) Draft Died in Process.
  • Status implication: The bill did not advance and is no longer moving through the legislative process in its current form.

Potential Fiscal and Policy Implications

  • Creation of a dedicated revenue account could improve targeted funding for specific programs but may reduce flexibility in the general fund.
  • Depending on sources and uses, there could be impacts on budget planning, cash flow management, and long-term fiscal commitments.
  • Enhanced transparency and accountability are common goals, though operational costs and governance requirements could add administrative burdens.

Next Steps for Interested Readers

  • To understand the exact provisions, obtain the full bill text of LC 2104 from the official legislative repository.
  • Monitor official updates on LC 2104’s status, including any potential reintroduction or amendments.
  • Review fiscal impact analyses, if available, to evaluate budgetary effects and program implications.

If you’d like, I can revise this once the full bill text is accessible to extract precise provisions and numbers.

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

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