Authorizes appropriation from the Revenue Stabilization Trust Fund (OR SEE FISC NOTE SD EX)
Impact
The passage of HCR43 would have a notable impact on state laws regarding the management of funds within the Revenue Stabilization Trust Fund. It would potentially adjust the flow of financial resources to various sectors that rely on state funding. By authorizing such appropriations, the bill aims to ensure fiscal responsibility while allowing the state to address pressing needs without compromising the integrity of the trust fund.
Summary
House Concurrent Resolution 43 (HCR43) seeks authorization for an appropriation from the Revenue Stabilization Trust Fund, which is a financial reserve managed by the state. The bill's focus is on ensuring that funds are allocated appropriately to meet various state budgetary needs. This resolution emphasizes the significance of maintaining a robust reserve that can be utilized during fiscal emergencies or to enhance public services.
Sentiment
Overall, the sentiment around HCR43 appears supportive, with many stakeholders recognizing the necessity of maintaining a solid financial foundation for the state. Advocacy for this bill echoes a broader commitment to fiscal prudence and sustainability. There may be some resistance, particularly regarding concerns over how these funds are prioritized, but the overarching view leans towards approval, highlighting the importance of thoughtful financial management.
Contention
While HCR43 may garner general support, notable points of contention could arise surrounding the specifics of fund allocation. There may be debates on which areas should receive priority funding, leading to discussions about transparency and accountability in how the appropriations are used. The resolution’s language may also come under scrutiny to ensure that it aligns with the state's long-term financial goals and equitable distribution of resources.
Provides relative to the disposition of certain state revenues through repeal of the Revenue Stabilization Trust Fund and dedication of certain revenues to the Budget Stabilization Fund. (EG SEE FISC NOTE GF RV See Note)
Authorizes the state treasurer to invest up to ten percent of available monies in the Revenue Stabilization Trust Fund in gold (RE SEE FISC NOTE GF EX See Note)
(Constitutional Amendment) Modifies disposition of certain state revenues through repeal of the Revenue Stabilization Trust Fund and deposits of certain revenue streams into the Budget Stabilization Fund (RRF INCREASE GF RV See Note)
Provides for monies in the Budget Stabilization Fund to be available for appropriation in Fiscal Year 2020-2021 (Item #14) (EG +$90,062,911 GF RV See Note)
Provides for a portion of the monies in the Budget Stabilization Fund to be available for appropriation in Fiscal Year 2016-2017. (2/3 - CA7s10.3(C)(1)) (Item No. 4) (EN +$99,000,000 GF RV See Note)