Analyst: DD Page 1 4/25/22 OFA Bill Analysis SB 9 AN ACT IMPLEMENTING THE GOVERNOR'S BUDGET RECOMMENDATIONS FOR GENERAL GOVERNMENT. SUMMARY: The bill makes several changes to implement the Revised FY 23 budget, JF'ed out of the Appropriations Committee on 4/7/22. The changes are as follows: Sections 1 and 2 reduce the motor vehicle mill rate cap from 45 to 34.46 and make corresponding changes to the mill rate cap reimbursement grant formula. Section 3 requires any that any over-collection of recoveries for the State Employees Retirement System (SERS) funds must be deposited to the State Employees Retirement Fund (SERF). Currently, any over- collection of recoveries is deposited to the General Fund as revenue, while under-collections result in a reduced contribution to SERS. Section 4 allows state agencies to designate agency electric vehicle charging stations as either (1) available for public use; (2) for the sole use of state employees; or (3) for a combination of both state employees and the public. It further requires state agencies to collect fees on non-state vehicles for such use and to deposit the revenue into the fund from which the expenses for installing the relevant EV infrastructure were paid. Section 5 allows state agencies’ expenditures that are associated with activities authorized under PA 21-1 JSS, AAC Responsible and Equitable Regulation of Adult-Use Cannabis, to be paid out of Social Equity and Innovation Fund. The Social Equity and Innovation Fund, created under PA 21-1 JSS, is a separate, non-lapsing fund that is funded by certain 2022SB-00009-R000642-BA.DOCX Analyst: DD Page 2 4/25/22 licensing fees and a portion of the state cannabis tax. EFFECTIVE DATE: Sections 1, 2 and 5 are effective from passage. Section 3 is effective July 1, 2022 and Section 4 is effective October 1, 2022. COMMITTEE ACTION Appropriations Committee Joint Favorable Substitute Yea 35 Nay 15 (04/07/2022)