HOUSE BILL 296
RS30606 / H0296
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. This bill provides for these two distributions to be tracked and reported as the General Fund. Funding for Public 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.
There is no fiscal impact with this legislation. This bill will track and report the two new distributions as General Fund instead of dedicated funds. This includes $330,000,000 for the Public School Income Fund and $80,000,000 from the In-Demand Careers Fund.
Date | Description |
---|---|
03/09 | Introduced, read first time, referred to JRA for Printing |
03/13 | Reported Printed and Referred to Appropriations |
03/15 | Reported out of Committee with Do Pass Recommendation, Filed for Second Reading |
03/16 | Read second time; Filed for Third Reading |
03/17 | U.C. to hold place on third reading calendar until Monday, March 20, 2023 |
03/20 | U.C. to be returned to Appropriations Committee |