H02962023 Regular Session
Amends existing law to provide that moneys in the Public School Income Fund and the In-Demand Careers Fund shall be treated as moneys from the General Fund.
GENERAL FUND -- Amends existing law to provide that moneys in the Public School Income Fund and the In-Demand Careers Fund shall be treated as moneys from the General Fund.
GENERAL FUND
STATEMENT OF PURPOSE
House Bill 1 of the 2022 Extraordinary Session established a new transfer from sales tax distributions to the Public School Income Fund and the In-Demand Careers Fund. Both funds are categorized as dedicated funds. ThisbillprovidesforthesetwodistributionstobetrackedandreportedastheGeneralFund. FundingforPublic Schools is primarily provided from the General Fund and each Public School Appropriation Bill accounts for the original fund source for tracking and reporting purposes. This bill maintains that precedent.
LATEST ACTION
U.C. to be returned to Appropriations Committee
BILL INFO
- Session
- 2023
- Chamber
- house
- Status date
- Mar 9, 2023