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Bill

LC 1138

Generally revise laws related to state special revenue accounts

2025 Regular Session

LC 1138 would generally revise laws governing state special revenue funds, affecting budgeting, reporting, and oversight for agencies relying on dedicated funds.

(LC) Draft Died in Process
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Bill Summary · LC 1138

Summary: LC 1138 — Generally revise laws related to state special revenue accounts

Overview

  • Bill number: LC 1138
  • Title: Generally revise laws related to state special revenue accounts
  • Subject: State Finance (Appropriations; Taxation Subjects)
  • Classification: bill
  • Introduced: November 11, 2024
  • Status: Draft Died in Process (no current active bill)

Legislative history and timeline

  • 2024-11-11: Drafter Assigned — the initial drafting of the bill began.
  • 2024-11-14: Draft On Hold — the draft was placed on hold shortly after introduction.
  • 2025-05-23: Draft Died in Process — the current draft was formally terminated in its progress.

Note: “LC” indicates this is a Legislative Council/drafted bill. The available information does not include the bill’s text, amendments, or committee hearings.

What the bill would do (based on title)

  • The bill's stated purpose is to generally revise laws related to state special revenue accounts.
  • The specific provisions, scope, and mechanisms are not provided in the available summary. In general, such revisions could touch on:
    • How special revenue funds are established, categorized, and tracked.
    • Permissible uses and limitations on spending from these accounts.
    • Requirements for appropriation, reporting, and oversight.
    • Alignment of special revenue funds with overall budgetary processes and fiscal controls.

Because the actual text and provisions are not published here, concrete details about changes in funds, procedures, thresholds, or affected programs cannot be enumerated.

Potential impact (general considerations)

  • Fiscal management and transparency: Revisions could affect how dedicated funds are budgeted, reported, and audited, potentially improving clarity and accountability.
  • Agency operations: State agencies that administer or rely on special revenue funds might see changes in funding flows, restrictions, or reporting requirements.
  • Budgetary processes: The bill could influence how special revenue accounts interact with general appropriations, revenue projection, and fiscal planning.
  • Interested audiences: State finance offices, agencies managing special revenue funds, legislators overseeing budget and appropriations, and taxpayers interested in fund governance.

Who would be affected

  • Agencies and programs funded through state special revenue accounts.
  • The state budget and finance offices responsible for accounting, reporting, and compliance.
  • Legislative committees and staff monitoring state finances and appropriations.

Next steps and how to track

  • As of the latest status, the draft has died in process, with no indication of active reintroduction in the near term.
  • If interest in the topic continues, a new version could be introduced in a future session. To monitor developments:
    • Check the official legislative website for LC 1138 updates, text, amendments, and committee actions.
    • Look for notices of reintroduction, new drafts, or a new drafter assignment.

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

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