One Hundred Ninth Legislature - First Session - 2025
Introducer€s Statement of Intent
LB130
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Chairperson: Senator Robert Clements
Committee: Appropriations
Date of Hearing: March 12, 2025
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The following constitutes the reasons for this bill and the purposes which are sought to be
accomplished thereby:
This bill amends the formula for yearly transfers to the Cash Reserve Fund to provide a
predictable yearly transfer to the Cash Reserve Fund, with additional transfer provisions
during years of revenues that exceed projections.
Key:
X = General Fund Net Receipts of current fiscal year
Y = Projected General Fund Net Receipts for current fiscal year
A = Increase in X over for current fiscal year compared to previous
B = Average amount General Fund Net Receipts increased over each of the last 20
fiscal years (excluding lowest outlier)
T = Total budgeted General Fund expenditures
F = Cash Reserve Fund Balance after D is transferred
1. X Y = Z
2. .5(X(A B)) = C
3. If Z > 0, the greater amount between Z and C (D) is transferred to the Cash
Reserve Fund
a. Amount = Z transferred immediately
b. D Z (if any amount) transferred by end of subsequent fiscal year
c. If transferring D to the Cash Reserve Fund Balance would cause F >
.16(T), D is decreased so that F ‚ .16(T)
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Principal Introducer:________________________________
Senator George Dungan
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