SB17-262

SB17-262 - HUTF And Capital Construction Fund Transfers

Passed/Signed into Law
Concerning the transfer of money from the general fund to cash funds that are used for the state's infrastructure.

Joint Budget Committee. For the current state fiscal year and for the next 3 state fiscal years, the state treasurer is required to transfer money from the general fund to the capital construction fund and the highway users tax fund (Senate Bill 228 transfers). For the current fiscal year, the Senate Bill 228 transfers are fixed amounts and for the remaining years, they are a percentage of the total general fund revenues, that may be reduced or eliminated if the state has to refund excess state revenues in accordance with the taxpayer's bill of rights.

The bill reduces the transfer to the highway users tax fund to be made for the current fiscal year on June 30, 2017, from $158 million to $79 million. The future conditional transfers to the highway users tax fund are replaced with the following fixed transfers:

 

  • $79 million on June 30, 2018;
  • $160 million on June 30, 2019; and
  • $160 million on June 30, 2020.

The future conditional transfers to the capital construction fund are replaced with the following fixed transfers:

 

  • No transfer for the fiscal year 2017-18;
  • $60 million on June 30, 2019; and
  • $60 million on June 30, 2020.

The bill also repeals provisions that relate to the conditional transfers.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

 

House Committees

Senate Committees

Latest update: April 28, 2017
04/28/2017 - Governor Signed
04/27/2017 - Sent to the Governor
04/27/2017 - Signed by the Speaker of the House
04/26/2017 - Signed by the President of the Senate
04/25/2017 - House Third Reading Passed - No Amendments
04/24/2017 - House Third Reading Laid Over Daily - No Amendments
04/21/2017 - House Third Reading Laid Over to 04/24/2017 - No Amendments
04/20/2017 - House Second Reading Special Order - Passed - No Amendments
04/17/2017 - House Second Reading Laid Over to 04/18/2017 - No Amendments
04/07/2017 - House Second Reading Laid Over to 04/12/2017 - No Amendments
04/06/2017 - House Second Reading Laid Over Daily - No Amendments
04/04/2017 - House Committee on Appropriations Refer Unamended to House Committee of the Whole
03/31/2017 - Introduced In House - Assigned to Appropriations
03/30/2017 - Senate Third Reading Passed - No Amendments
03/29/2017 - Senate Second Reading Special Order - Passed - No Amendments
03/28/2017 - Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole
03/27/2017 - Introduced In Senate - Assigned to Appropriations