Fiscal Note

HB0049S01 - Budget Reserve Account and Disaster Recovery Account Amendments

State Impact:
Enactment of this bill will not require additional appropriations. During years in which an Education Fund revenue surplus occurs, the bill could increase the balance of the Education Fund Budget Reserve Account achieved through automatic end-of-year transfers from the surplus, up to an amount equal to seven percent of Education Fund appropriations for the fiscal year in which the surplus occurred.

Individual, Business and/or Local Impact:
Enactment of this bill likely will not result in direct, measurable costs and/or benefits for individuals, businesses, or local governments.