HS HCS HB 1906 -- STATE FUNDS (Green, 73)

In any fiscal year that a state fund has an excess unobligated
balance, this substitute allows the General Assembly to transfer
any or all of the excess to the General Revenue Fund.

Beginning with Fiscal Year 2004, the House Budget Committee and
the Senate Appropriation Committee are to review the cash balance
of all state funds and, where appropriate, are to ensure that the
balances in dedicated funds is utilized prior to additional
general revenue appropriations.

The following funds are exempt from transfer:

(1)  Constitutional funds;

(2)  Statutory funds approved by state voters;

(3)  Funds that are deemed federal;

(4)  Funds created by law specifically for the purpose of
receiving donations and bequests;

(5)  Missouri Arts Council Trust Fund;

(6)  Funds that if transferred would violate the terms of a
trust; and

(7)  Funds created by law specifically for professional
registration purposes.

The Commissioner of Administration is to develop a methodology to
charge state funds for the cost of state services.  Reimbursement
for state services is subject to appropriation and is to be
deposited in the General Revenue Fund.  Federal funds are
exempted from the cost of state services.

The substitute contains an emergency clause.

FISCAL NOTE:  Estimated Net Effect on General Revenue Fund of
Unknown in FY 2003, FY 2004, and FY 2005.  Estimated Cost to
Various State Funds of Unknown in FY 2003, FY 2004, and FY 2005.
Estimated Cost to Various Dedicated State Funds of $0 in FY 2003,
Unknown in FY 2004, and Unknown in FY 2005.

Missouri House of Representatives
Last Updated October 11, 2002 at 9:03 am