Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Bill to reduce paperwork for state inter-entity loans advances after agency support
Summary
House Bill 61 would streamline inter-entity loan bookkeeping used when state agencies await federal reimbursements, reducing journal-entry burden while keeping reporting controls; administrators said FY24 produced more than 1,600 journal-entry lines related to these loans and that the bill would cut paperwork without changing federal accountability.
Representative Gary Perry presented House Bill 61 to streamline inter-entity loan processes that state agencies use to avoid negative cash balances while awaiting federal reimbursements. Department of Administration Director Misty Ann Giles, State Accountant Jennifer Thompson and CFOs from multiple agencies described the current process as paper-intensive and time-consuming:…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
