SB 17-265

Senate Bill 17-265 requires the state treasurer to move $26.3 million from a special fund for state employees to the general fund, which is used for various government expenses. This transfer happened on July 1, 2017. The bill affects state employees since it reduces funds set aside for them, but it's part of broader budget management by the state. Since the bill has been signed into law, this money transfer has already taken place and cannot be changed without new legislation.

Official Summary

Joint Budget Committee. The bill requires the state treasurer to transfer $26.3 million from the state employee reserve fund to the general fund on July 1, 2017.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Votes