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Appropriations Committee votes to repeal Budget Reserve Account and fold balance into general fund
Summary
The House Appropriations Committee voted unanimously to pass Senate File 168, which repeals the statutory Budget Reserve Account and transfers its balances and operations into the general fund, with conforming statutory changes.
Senator Hicks presented Senate File 168 to the House Appropriations Committee and the panel voted to repeal the statutory Budget Reserve Account and move its operations and balances into the general fund.
Senate File 168 removes the separate statutory designation of the Budget Reserve Account — a savings account historically used as an intermediate “rainy day” or secondary checking account for general fund operations — and makes conforming amendments so the…
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