Lifetime Citizen Portal Access — AI Briefings, Alerts & Unlimited Follows
Committee hears bill to repeal dormant funds, sets Senate Bill 163 aside for future work
Loading...
Summary
Senate Bill 163, which would repeal obsolete or inactive fund and account titles to improve transparency and reduce bookkeeping clutter, was introduced and discussed; the committee set the bill aside for future consideration after confirming many listed funds currently hold no balances.
Senate Bill 163, introduced by Senator James Kaufman on Jan. 30, would continue a process established in the previous legislature to review accounts every two years and repeal fund and account titles that are no longer needed. Kaufman said the goal is to remove "clutter" from the ledger and improve transparency by closing inactive or obsolete accounts.
During questioning Senator Ray Jackson noted that the fiscal note suggested many of the identified funds hold no current balances; Kaufman confirmed that, after sweeps and reverse sweeps over time, many of the accounts currently have no money but that legislative cleanup remains useful to prevent unnecessary account titles from persisting on the state books. Kaufman also said the process involves coordination with Legislative Finance and legal counsel and that accounts found to hold funds in the future could be handled through statutory sweep language.
After discussion the committee set SB 163 aside for future consideration and noted the bill might be taken up again under 'bills previously heard' once legislative finance and counsel complete additional review.
