Bill
SD 2848
Overview: SD 2848, Fiscal Year 2025 Third Quarter Prior Year Deficiency Report, Placed on file, Introduced: April 28, 2025Purpose and Intent: This proposed bill requires the state'
Overview: SD 2848, Fiscal Year 2025 Third Quarter Prior Year Deficiency Report, Placed on file, Introduced: April 28, 2025
Purpose and Intent: This proposed bill requires the state's Executive Office of Administration and Finance to submit a report on any prior year deficiencies in the third quarter of fiscal year 2025. The report would detail any spending that exceeded appropriated amounts in the previous fiscal year.
Key Provisions:
- Mandates the submission of a prior year deficiency report in Q3 of FY2025
- Report must identify any spending that exceeded appropriated amounts in the prior fiscal year
- Requires an explanation for the deficiencies and plans to address them
Affected Parties and Impacts: The report would provide transparency into the state's fiscal management and any budget overruns from the previous year. This information could impact future budget deliberations and appropriations decisions.
Procedural and Timeline Considerations: The bill has been placed on file, indicating it has not yet been scheduled for further legislative action. If passed, the report would be due in the third quarter of fiscal year 2025.
Compiled from official sources — confirm details with the bill’s official record.
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