This bill amends existing law to enable the state treasurer to invest funds from the Nongame Species Account, which is part of the fish and game fund. The new legal language specifies that the state treasurer shall establish a separate nonlapsing account known as the nongame species account, into which various moneys obtained by the fish and game department will be deposited. The bill includes provisions for the state treasurer to invest these funds as permitted by law, with any interest earned on these investments credited back to the nongame species account.

The bill does not provide additional funding or authorize new positions, and its fiscal impact is expected to result in an indeterminable decrease in revenue for the General Fund while increasing revenue for the Nongame Species Account. The effective date of the act is set for 60 days after its passage. Overall, the legislation aims to enhance the management of nongame species by allowing for the investment of funds specifically designated for this purpose.

Statutes affected:
Introduced: 212-B:6
As Amended by the Senate: 212-B:6