Bill
LC 1333
Overview: LC 1333, Revise laws related to surplus revenue, (LC) Draft Ready for Delivery, Introduced: November 12, 2024Purpose and Intent: This bill aims to revise the state's laws
Overview: LC 1333, Revise laws related to surplus revenue, (LC) Draft Ready for Delivery, Introduced: November 12, 2024
Purpose and Intent: This bill aims to revise the state's laws regarding the handling and allocation of surplus revenue. The goal is to provide more flexibility and transparency in the management of excess funds.
Key Provisions:
- Redefines the criteria for determining surplus revenue
- Allows for the transfer of surplus funds to the state's rainy day fund or other designated accounts
- Requires legislative approval for the appropriation of surplus funds above a certain threshold
Affected Parties and Impacts: The changes would impact the state's budget and fiscal management, potentially affecting funding for various government programs and services. Taxpayers may also be impacted by how surplus revenue is utilized.
Procedural and Timeline Considerations: This bill is currently in draft form and ready for delivery. Further legislative action and a timeline for implementation have not been specified.
Compiled from official sources — confirm details with the bill’s official record.
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