Us Congress House Bill HB2123

Us Congress 2023-2024 Regular Session

• Introduced: 3/29/23
• Refer: 3/29/23

Caption

To provide for a limitation on availability of funds for Independent Agencies, Working Capital Fund for fiscal year 2024.

Impact

The impact of HB2123 on state laws revolves around the direct adjustment of funding levels for independent agencies, which have been allowed significantly broader financial access in past budgets. By instituting strict limits, the bill could hinder the operational capabilities of these agencies, particularly those that rely on the Working Capital Fund for essential functions. Advocates for the bill argue that this is an essential step towards ensuring that taxpayer dollars are spent efficiently and effectively, especially amidst ongoing fiscal challenges.

Summary

House Bill 2123 aims to set a limitation on the availability of funds for independent agencies within the Working Capital Fund for the fiscal year 2024. Specifically, the bill restricts the total amount appropriated to $4,000,000, thereby establishing a cap on the funding that these agencies can access. This approach represents a significant move to control government expenditure and promote fiscal responsibility during a time of budgetary scrutiny.

Contention

Notable points of contention surrounding HB2123 involve the balance between necessary government oversight and the operational needs of independent agencies. Opponents of the bill raised concerns that this funding limitation could severely hamper agency functions, leading to reduced public services and operational inefficiencies. Additionally, discussions among lawmakers may delve into the extent of oversight the government should maintain over independent agencies versus allowing them the financial independence necessary to function optimally. As fiscal austerity becomes a recurrent theme in legislative discussions, the implications of HB2123 are bound to generate debate about effective government operations.