An Act Requiring Reports Concerning The Termination Of Certain Funds And Accounts.
Summary
HB 6194 requires advance reporting when certain state-administered funds or accounts are going to be terminated. The bill applies only to funds or accounts that were created by public or special act, are administered by the state or a state entity, and are intended for a charitable purpose. Before termination, the administrator must electronically notify the clerks of the House and Senate, to the extent practicable, that the fund or account will end and provide an estimate of any remaining balance at the time of termination.
The bill is primarily a transparency and oversight measure. It does not create or eliminate any fund itself, but it adds a new reporting duty for state agencies and other state officials that manage qualifying charitable funds or accounts. The new requirement takes effect October 1, 2025, and would become part of state law as a new section rather than amending an existing statute.
Impact
The bill would impose a new procedural requirement on administrators of qualifying state-administered charitable funds and accounts to report planned terminations and estimated remaining balances to legislative clerks. This would affect state agencies, departments, institutions, boards, commissions, authorities, and officials that oversee such funds, while leaving the underlying authority to terminate the funds intact. Its practical effect is to increase legislative visibility into the winding down of public or quasi-public charitable funds and accounts.
Sentiment
The available voting history suggests the bill was received favorably in committee. It received a 12-0 Joint Favorable Substitute vote on March 11, 2025, indicating unanimous support among voting committee members. No committee transcript is available, so there is no recorded floor or hearing debate to suggest opposition or divided views.
Contention
There is little evidence of controversy in the available record. The only likely point of discussion is the scope and practicality of the reporting requirement, since the bill applies only “to the extent practicable” and only to funds or accounts intended for a charitable purpose that are administered by the state or a state entity. Any concern would likely center on administrative burden or on how broadly the term “charitable purpose” should be interpreted, but no explicit objections are documented in the provided materials.