The bill amends section 352 of the Management and Budget Act, specifically addressing the conditions under which the state can appropriate funds from the general fund. It stipulates that if the annual growth rate exceeds 2%, the excess percentage must be multiplied by the total state general fund-general purpose revenue for the fiscal year to determine the amount to be transferred to the fund. Additionally, it clarifies that the legislature cannot appropriate money from the fund if the annual growth rate is estimated to be greater than 0% at the most recent revenue estimating conference. If the growth rate is less than 0%, the legislature may only appropriate up to 25% of the prior fiscal year's ending balance.

Furthermore, the bill introduces a new provision that states the legislature must provide for transfers into or out of the fund through an appropriations act. It also includes a stipulation that this section is subject to the motor fuel tax act. The enactment of this amendatory act is contingent upon the passage of House Bill No. 6147.

Statutes affected:
House Introduced Bill: 18.1352