STATEMENT OF PURPOSE
RS28018 / S1427
This bill provides onetime cash transfers to address various purposes. Four transfers would occur in FY 2020
and six would occur at the beginning of FY 2021.
Section 1 transfers $2,500,000 from the Consumer Protection Fund to the General Fund in FY 2020 to increase
the available cash balance.
Sections 2, 3, and 4 transfer a total of $31,000,000 of dedicated fund and General Fund moneys into the Public
Education Stabilization Fund (PESF) to replenish the withdrawal that was made at the end of FY 2019. These
three transfers will bring the PESF balance back up to $93.3 million to begin FY 2021.
Section 5 transfers $30,000,000 from the General Fund to the Budget Stabilization Fund in FY 2021. This
transfer will bring the balance in the fund to $423 million at the beginning of FY 2021. This amount would be
10.7% of the estimated FY 2019 General Fund revenue collections.
Sections 6 through 9 are onetime transfers that offset the first-year costs of four deputy attorneys general that
were funded in the Attorney General's budget.
Section 10 is a cash transfer of $8,800,000 from the Permanent Building Fund to the General Fund to increase
the available cash balance.
FISCAL NOTE
The result of these transfers is a reduction of $39,194,200 from the General Fund and an increase of $39,194,200
to various dedicated funds.
Contact:
Paul Headlee
Budget and Policy Analysis
(208) 334-4746
DISCLAIMER: This statement of purpose and fiscal note are a mere attachment to this bill and prepared by a proponent
of the bill. It is neither intended as an expression of legislative intent nor intended for any use outside of the legislative
process, including judicial review (Joint Rule 18).
Statement of Purpose / Fiscal Note Bill SOP/FN INTRODUCED: 03/16/2020, 2:13 PM