Bill Status of SB1905 98th General Assembly
Short Description: DEDICATED FUND TRACKER
Sen. Pamela J. Althoff, Michael W. Frerichs and Steve Stadelman
|Session Sine Die
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Governor's Office of Management and Budget Act. Requires the Governor's Office of Management and Budget to establish, by July 1, 2014, and to maintain, thereafter, on its internet website a database, to be known as the "Dedicated Fund Tracker", through which members of the public may access detailed information regarding the balance of moneys in each special fund in the State treasury and the amounts transferred from each of those funds to any other fund in the State treasury by sweeps, administrative charge-backs, or any other fiscal or budgetary maneuver. For each special fund, the website shall list the current balance in the Fund, any amount that is transferred from the fund by a sweep, administrative charge-back, or other fiscal or budgetary maneuvers, the date upon which each of those transfers occurs, and the fund to which moneys in the fund are transferred. Also provides that, with the publication of each proposed State budget, the Office shall also post in the database a list of each sweep, administrative charge-back, or other fiscal or budgetary maneuvers that will be required to implement that budget and that will result in the transfer of moneys from a special fund in the State treasury to any other fund in the State treasury. Requires data in the database to be updated no less frequently than once each month. Requires the database to be capable of compiling reports to identify amounts transferred from each fund on a monthly, quarterly, and annual basis.