Under current law, the general fund reserve is equal to 2.86% of the amount appropriated for expenditure from the general fund for the fiscal years 2020-21 and 2021-22 and 7.25% of the amount appropriated for the fiscal year 2022-23 and each fiscal year thereafter. The act increases the percentage used to determine the general fund reserve as follows:13.4% for the fiscal year 2021-22; and
15% for the fiscal year 2022-23 and each fiscal year thereafter.(Note: This summary applies to this bill as enacted.)

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Statutes affected:
Introduced (04/05/2021): 24-75-201.1
Engrossed (04/08/2021): 24-75-201.1
Reengrossed (04/09/2021): 24-75-201.1
Revised (05/03/2021): 24-75-201.1
Rerevised (05/04/2021): 24-75-201.1
Final Act (05/07/2021): 24-75-201.1
Signed Act (None): 24-75-201.1