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JBC introduces bill to transfer balances of repealed or inactive cash funds to general fund
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The committee introduced a one-page bill that would authorize the controller to transfer balances from repealed or inactive cash funds into the general fund and require annual reporting for cash funds showing no activity for two years; motion passed 6-0.
Committee staff presented a short, one-page bill authorizing the state controller to transfer balances from repealed cash funds to the general fund and requiring the controller to report cash funds that have had no activity for two years (other than deposited interest). The report would first be filed in November 2025 and updated annually thereafter. Committee members moved to introduce the measure; there were no objections and the motion passed 6-0.
Staff characterized the bill as a technical clean-up measure intended to consolidate inactive cash balances and improve visibility into dormant cash funds. The measure was slated to start in the Senate and be carried on the floor by identified sponsors.
