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JFAC orders year‑end transfers: bond levy equalization, constitutional defense, and governor’s emergency funds moved into general fund or legal reserve
Summary
The committee approved several year‑end cash transfers and a unanimous‑consent instruction on budget stabilization: directing the state controller on budget stabilization deposits and moving balances from bond levy equalization, the constitutional defense fund, and the governor’s emergency fund.
The Joint Finance‑Appropriations Committee approved a set of year‑end transfers intended to reconcile fund balances and simplify accounting before the end of the fiscal year.
Committee leadership requested unanimous consent language asking the state controller to keep the Budget Stabilization Fund balance intact rather than transferring the excess above the statutory 15 percent cap; members granted unanimous…
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