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Conference committee narrows cash‑fund transfer and reassigns some capital priorities
Summary
Conferees discussed a conference proposal that targets a $9.6 million general‑fund transfer to the capital cash fund, moved several capital projects out of the cash‑fund construct and left funding choices for certain projects to appropriations committees.
The conference committee’s capital and cash‑fund construct assumes a general‑fund transfer to the capital cash fund of about $9.6 million, staff said, and that transfer drives the general‑fund bottom line used to pay for one‑time items.
Scott, staff member and capital adviser, said the conference proposal reflects what the capital conferees are working from: "On the second line, the transfer from the general fund, they are assuming that there will be a transfer of $9,600,000 from the general fund to the cash fund." That figure is higher than the House transfer and lower than…
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