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Committee to meet with Appropriations, JFO and Legislative Council to review cash fund rules and unspent capital balances
Summary
Members proposed an 8‑person working meeting (four Corrections & Institutions members, four Appropriations members) with the Joint Fiscal Office and Legislative Council to clarify statute and process for unspent cash fund balances and to review the 4% capital funding formula; members debated whether to codify the 4% rule or keep flexibility.
On Feb. 12 the House Corrections and Institutions Committee agreed to pursue a focused review of the state's capital cash fund and the statute that governs carryforward and unspent balances. Committee leaders proposed a working group of four members of the Corrections and Institutions committee and four members of the House Appropriations Committee to meet with the Joint Fiscal Office (JFO) and Legislative Council to "get the lay of the land" on how money that was appropriated more than two years ago but not encumbered should be treated.
The chair said Appropriations Chair Robin Schein told the committee that a full joint meeting of…
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