This bill requires the appropriation of a certain amount of funds in the Public Education Economic Stabilization Restricted Account to a new trust fund for public education.
This bill:
- establishes the Public Education Economic Stabilization Trust Fund (trust fund) that the state treasurer manages;
- provides the duties and authority of the state treasurer regarding the trust fund;
- requires the appropriation of a certain amount of funds in the Public Education Economic Stabilization Restricted Account to the trust fund before other statutory one-time appropriations;
- corrects the application of a certain minimum appropriation; and
- makes technical and conforming changes.

Statutes affected:
Introduced: 53F-9-204