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JBC introduces bill to transfer balances of repealed or inactive cash funds to general fund
Joint Budget Committee
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Summary
The committee introduced a one-page bill that would authorize the controller to transfer balances from repealed or inactive cash funds into the general fund and require annual reporting for cash funds showing no activity for two years; motion passed 6-0.
Committee staff presented a short, one-page bill authorizing the state controller to transfer balances from repealed cash funds to the general fund and requiring the…
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