SB 685 - Sater, David
Increases the budget base for the "Division of Tourism Supplemental Revenue Fund"
Bill Details
Sponsor
LR Number
3834S.01I
Title
SB 685
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2020
Committee
Current Status
Hearing Conducted S Appropriations Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 685 - This act increases the budget base to be distributed to the "Division of Tourism Supplemental Revenue Fund" to $20.5 million beginning with the 2021 fiscal year. Additionally, this act repeals the provision that the general revenue base will decrease by 10% in each fiscal year after the 1994 fiscal year.
Finally, this act provides that a portion of general revenue will be deposited to the credit of "Division of Tourism Supplemental Revenue Fund" until 2025.
Currently, the fund is set to expire on June 30, 2020. This act extends the expiration date to June 30, 2025.
MARY GRACE BRUNTRAGER