Expiring funds to the balance of the unappropriated surplus balance from the balance of moneys remaining in the Stripper Well NDL the Enforcement of Guardianship and Conservatorship, and the Technology Support and Acquisition Fund
Impact
By closing these funds and reallocating their balances, HB 3248 represents an effort to maintain precise financial governance while maximizing the efficiency of state revenues. As per legislative priorities, eliminating unused or redundant funds can enable better budgetary planning and appropriations for current and future state projects. This legislative move is seen as a proactive step to ensure that all funds within the state’s budget contribute directly to immediate fiscal responsibilities.
Summary
House Bill 3248 aims to expire funds remaining in three specific accounts: the Stripper Well NDL 378 Fund, the Enforcement of Guardianship and Conservatorship Fund, and the Technology Support and Acquisition Fund. The total amount of funds being transferred amounts to $2,447.07, which will subsequently increase the balance of the unappropriated surplus in the State Fund, General Revenue. This bill represents a technical adjustment within the state budgetary process, specifically intended to streamline financial resources by closing outdated funds that are no longer needed due to legislative repeal.
Sentiment
The general sentiment surrounding HB 3248 appears to be neutral, as it does not invoke significant opposition or overt support within the legislative conversations. It is viewed largely as a routine, procedural bill that addresses the technicalities of state funding. However, it may reflect broader discussions about fiscal responsibility and the necessity of keeping the state's budget nimble and responsive to changes in legislation.
Contention
Notably, there does not appear to be significant contention surrounding the bill, as the processes involved in expiring these funds are largely administrative and affect only specific fund balances. Discussions are expected to revolve around the necessity of each fund’s closure and the implications for future appropriations and legislative budgeting strategies, without delving into broader policy disputes.
Expiring funds to the unappropriated surplus balance in the State Fund, General Revenue, from the balance of moneys remaining as an unappropriated balance in Lottery Net Profits
Expiring funds to the unappropriated surplus balance in the State Fund, General Revenue, from the balance of moneys remaining as an unappropriated balance in the State Excess Lottery Revenue Fund
Expiring funds to the unappropriated surplus balance in the State Fund General Revenue from moneys remaining as unappropriated balance in Lottery Net Profits
Expiring funds to the unappropriated surplus balance in the State Fund, General Revenue from moneys remaining as unappropriated in the State Excess Lottery Revenue Fund
Supplementing and amending the appropriations of public moneys out of the Treasury from the balance of moneys remaining as an unappropriated surplus balance in the State Fund, General Revenue, to the Attorney General