Enrolled House Bill (H)

Authored by

DIGEST

Authorizes the budget agency to transfer not more than $200,000,000 from the state general fund to the major moves 2020 trust fund (trust fund). (Current law requires a transfer of $200,000,000.) Provides that the transfer is in addition to a transfer from the state general fund to the trust fund made before January 1, 2014. Authorizes the budget agency, after review by the budget committee, to transfer before July 1, 2014, not more than $200,000,000 from the trust fund to the major moves construction fund (construction fund). Provides that if a transfer is made to the trust fund from the Authorizes the budget agency to transfer not more than $200,000,000 from the state general fund to the major moves 2020 trust fund (trust fund). (Current law requires a transfer of $200,000,000.) Provides that the transfer is in addition to a transfer from the state general fund to the trust fund made before January 1, 2014. Authorizes the budget agency, after review by the budget committee, to transfer before July 1, 2014, not more than $200,000,000 from the trust fund to the major moves construction fund (construction fund). Provides that if a transfer is made to the trust fund from the state general fund after December 31, 2013, and subject to budget committee review, the budget agency may transfer from the trust fund to the construction fund an additional amount equal to the lesser of $200,000,000 or the total amount of transfers made to the trust fund after December 31, 2013. ... View more