90th General Assembly
Summary of SB0961
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Senate Sponsors:

Short description: 
ST FIN-EXCESS FED GRANT FUND                                               

Synopsis of Bill as introduced:
        Amends the State Finance Act.  Creates the Excess  Federal  Grant      
   Distributive  Fund  as  a  special fund outside of the State treasury.      
   Provides that the Treasurer shall, ex officio,  be  custodian  of  the      
   Fund.   Provides  that  all  excess  federal  grant  moneys  shall  be      
   deposited  into  the  Fund.   Defines "excess federal grant moneys" as      
   those funds received by the State from a federal agency for  grant  or      
   loan  programs  administered  by any State department or agency and by      
   units  of  local  government  when   (1)  the  funds  have  not   been      
   appropriated  and (2) there is a law, regulation, or intergovernmental      
   agreement specifying how the funds shall be allocated to the units  of      
   local  government  that  administer  the  program  at the local level.      
   Provides that the State department or  agency  shall  certify  to  the      
   Treasurer  the  disbursement  of the stated sums of money to the named      
   unit of local government each month.  Provides that the  State  agency      
   or  department  shall,  within  10 days of certification, issue to the      
   unit of local government a statement indicating the additional amounts      
   that will be available as a result  of  the  certification.  Effective      
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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