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Senate establishes proposed reserve account for water and wastewater projects amid debate over automatic transfers
Summary
Senate advanced House Bill 147 to create a Water and Sewer Projects Reserve Account funded by the first 10% of annual surplus up to $10 million, to be deposited into four existing water-revolving funds. Debate focused on automatic transfers, budgeting impacts and precedent for earmarking surpluses.
House Bill 147 would establish a special subaccount in the general fund — the Water and Sewer Projects Reserve Account — receiving the first 10% of the state's surplus each year up to a $10 million cap. Money deposited in the reserve would be available for appropriation into four existing revolving funds for water reclamation, sewage projects and culinary water systems.
Senator Montgo…
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