This bill amends the Management and Budget Act of 1984 by adding a new section, Sec. 143, which mandates that the state treasurer must determine and report the total amount of specific funds on a monthly basis. These funds are referenced in section 142(1)(a) and (b) of the current law. The state treasurer is required to provide this financial information to various legislative bodies, including the appropriations committees, the agriculture and rural development subcommittees, fiscal agencies, policy offices, and the state budget office.
Additionally, the bill includes an enacting section that stipulates it will not take effect unless certain other legislative bills are enacted into law. This provision ensures that the implementation of the new reporting requirement is contingent upon the passage of related legislation.
Statutes affected: House Introduced Bill: 18.1101, 18.1594