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Legislative Year: 2024 Change
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Bill Detail: HB24-1423

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Title Parks & Wildlife Cash Funds
Status Senate Third Reading Passed - No Amendments (04/05/2024)
Bill Subjects
  • Fiscal Policy & Taxes
House Sponsors S. Bird (D)
R. Taggart (R)
Senate Sponsors J. Bridges (D)
B. Kirkmeyer (R)
House Committee Appropriations
Senate Committee Appropriations
Date Introduced 03/25/2024
Summary

Joint Budget Committee. Currently, if a funding source for an
appropriation is a cash fund, the state agency receiving the appropriation
must annually calculate an amount equal to the recorded depreciation of
capital assets acquired, repaired, improved, replaced, renovated, or
constructed with the appropriated money. The state controller must credit
the recorded depreciation amount from the cash fund that was the source
of the funding for the appropriation to a capital reserve account
established by the agency in the cash fund. The bill exempts the money
in the wildlife cash fund from being credited to the capital reserve
account.
Currently, a state agency terminating a lease for private leased
space must calculate the annual reduction in the cost of leased space and
the general assembly must transfer to the capital construction fund an
amount equal to the reduction in the cost of leased space from the fund
that was the source of the funding for the lease. The bill exempts the
money in the wildlife cash fund from being transferred to compensate for
the reduction in private leased space.
On July 1, 2024, the bill requires the state treasurer to transfer
$1,198,224 from the capitol complex renovation fund to the wildlife cash
fund and $273,204 from the capitol complex renovation fund to the
division of parks and wildlife to be used by the division for the same
purposes as other lottery proceeds distributions made pursuant to section
3 (1)(b)(II) of article XXVII of the state constitution.

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