SB 23-246
signedState Emergency Reserve
Plain-English Summary
AI-generatedSenate Bill 23-246, which has been approved and is now in effect, requires the state treasurer to transfer money into a special fund called the State Emergency Reserve. Specifically, $20 million will come from the general fund, and an additional $10 million will be transferred from another fund that originally comes from the general fund. This means that by June 30, 2023, the State Emergency Reserve will have received a total of $30 million to help address unexpected emergencies or financial crises.
Official Summary
The act requires the state treasurer to make 2 transfers to the state emergency reserve cash fund (fund) on June 30, 2023. First, the state treasurer is required to transfer $20 million from the general fund to the fund. Second, the state treasurer is required to transfer $10 million from the revenue loss restoration cash fund that originates from the general fund to the fund.
APPROVED by Governor April 20, 2023
EFFECTIVE April 20, 2023 (Note: This summary applies to this bill as enacted.)
Details
- Chamber
- Senate
- First action
- 2023-04-20
- Latest action
- 2023-03-24
- Last action desc.
- Introduced In Senate - Assigned to Appropriations
- OpenStates
- View source ↗
Related Legislation
This bill affects (14)
relatesHB 22-1342(2022A)· signedState Emergency Reserve Cash Fund
relatesSB 23-120(2023A)· signedJudicial Department Supplemental
relatesSB 22-234(2022A)· signedUnemployment Compensation
relatesSB 23-245(2023A)· signedTransfer To Revenue Loss Restoration Cash Fund
relatesHB 22-1176(2022A)· signedJudicial Department Supplemental
relatesHB 22-1335(2022A)· signedTransfer To The Judicial Department Information Technology Cash Fund
relatesHB 22-1411(2022A)· signedMoney From Coronavirus State Fiscal Recovery Fund
relatesHB 22-1340(2022A)· signedCapital-related Transfers Of Money
relatesHB 22-1352(2022A)· signedStockpile For Declared Disaster Emergencies
relatesHB 22-1395(2022A)· signedTransportation Innovation Grant Program
relatesHB 22-1133(2022A)· signedFamily And Medical Leave Insurance Fund
relatesSB 23-124(2023A)· signedDepartment of Local Affairs Supplemental
relatesSB 23-127(2023A)· signedDepartment Of Personnel Supplemental
relatesSB 23-135(2023A)· signedCapital Construction Supplemental
Affected by (22)
amendsHB 24-1155(2024A)· signedManagement of Certain Public Safety Emergencies
amendsSB 25-317(2025A)· signedTransfer Cash Fund Investment Earnings to General Fund
amendsHB 26-1407(2026A)· signedState Money Used to Refinance American Rescue Plan Money
relatesHB 26-1406(2026A)· signedRepeal Capital Construction Funding Requirements
relatesSB 23-234(2023A)· signedState Employee Insurance Premiums
relatesHB 23B-1001(2023B)· signedEmergency Rental Assistance Grant Program
relatesHB 24-1187(2024A)· signedDepartment of Human Services Supplemental
relatesHB 24-1203(2024A)· signedCapital Construction Supplemental
relatesHB 24-1188(2024A)· signedJudicial Department Supplemental
relatesHB 24-1195(2024A)· signedDepartment of Personnel Supplemental
relatesHB 24-1196(2024A)· signedDepartment of Public Health & Environment Supplemental
relatesSB 23-278(2023A)· signedAllocation For Art In Public Places For 2022-23 Fiscal Year
relatesHB 24-1197(2024A)· signedDepartment of Public Safety Supplemental
relatesHB 26-1409(2026A)· signedMarijuana Tax Cash Fund Distributions
relatesSB 25-111(2025A)· signedCapital Construction Supplemental
relatesSB 25-245(2025A)· signedHousing Development Grant Fund Administrative Costs
relatesSB 25-312(2025A)· signedAmerican Rescue Plan Act Funds
relatesHB 26-1172(2026A)· signedCapital Construction Supplemental
relatesHB 24-1192(2024A)· signedDepartment of Local Affairs Supplemental
relatesHB 24-1465(2024A)· signedProgram Changes Refinance Coronavirus Recovery Funds
repealsHB 24-1466(2024A)· signedRefinance Federal Coronavirus Recovery Funds
Votes
BILL
2023-04-06 · House · pass — Yes: 59 · No: 2 · Other: —
BILL
2023-03-30 · Senate · pass — Yes: 35 · No: 0 · Other: —