Bill
SD 2648
Overview: SD 2648, "Oversight Reserve Fourth Quarter 2024 Report", is a proposed bill that has been placed on file as of February 10, 2025.Purpose and Intent: The bill requires the
Overview: SD 2648, "Oversight Reserve Fourth Quarter 2024 Report", is a proposed bill that has been placed on file as of February 10, 2025.
Purpose and Intent: The bill requires the state to submit a quarterly report detailing the use of funds from the Oversight Reserve, a budgetary account used to cover unexpected or emergency expenditures. This reporting is intended to enhance transparency and accountability around the state's management of these reserve funds.
Key Provisions:
- Mandates the Executive Office of Administration and Finance to publish a comprehensive report on Oversight Reserve expenditures each quarter
- Requires the report to include information on fund allocations, spending by category, and the rationale for any withdrawals from the reserve
Affected Parties and Impacts: The reporting requirements would impact state government agencies responsible for managing the Oversight Reserve. Residents and the general public would benefit from increased visibility into how these emergency funds are being utilized.
Procedural and Timeline Considerations: The bill has been placed on file, meaning it is no longer actively under consideration by the legislature. However, the state may still be required to provide the mandated quarterly reports on an ongoing basis.
Compiled from official sources — confirm details with the bill’s official record.
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