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Committee discusses House Bill 24-38 to establish emergency reserve; author to offer house substitute next session
Summary
House Bill 24-38 would create a dedicated emergency reserve (rainy day) fund with mandatory deposits and disbursement procedures; the author said the effective date may be delayed to the next fiscal year and the committee agreed a house substitute will be offered at the next House call to address reporting-period language.
House Bill 24-38, introduced Aug. 19 before the House Committee on Waste and Means, would create a dedicated emergency reserve (rainy day) fund with annual mandatory deposits and procedures for disbursement in declared emergencies while ensuring fiscal accountability.
The bill's author…
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