Joint Budget Committee. The technology advancement and emergency fund consists of reversions of general fund appropriations and other money that the general assembly appropriated or transferred to the fund, and it has a balance of approximately $13.9 million. Section 1 of the bill repeals the reversion of unspent general fund appropriations to the fund. Section 3 repeals the fund itself on June 30, 2020, and prior to the repeal, requires the state treasurer to transfer the unspent and unencumbered balance of the fund to the general fund. Section 4 makes a conforming amendment related to the fund repeal.
The state employee reserve fund consists of reversions of general fund appropriations and has a balance of approximately $32.6 million. Section 2 repeals the fund and, prior to the repeal, requires the state treasurer to transfer the unspent and unencumbered balance of the fund to the general fund.(Note: This summary applies to this bill as introduced.)

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