SB 0199 Changes in handling excess in abandoned fund account
Committee:FINALR Number:S0949.01I
Last Action:02/13/95 - Voted Do Pass S Financial & Governmental Operations Committee
Effective Date:August 28, 1995
All Actions | Senate Home Page | List of 1995 Senate Bills
Current Bill Summary

SB 199 - This act changes the way a balance in the "Abandoned Fund Account" in excess of fifty thousand dollars is handled. Currently, all such excess is transferred to General Revenue. Under this act, the excess would be divided between General Revenue and the Budget Stabilization Fund (the "Rainy Day Fund"). RONALD J. LEONE