Expiring funds to unappropriated surplus balance in State Fund from Economic Development Fund
This bill transfers $25 million from the Economic Development Fund (fund 9060) to the unappropriated surplus balance in the General Revenue State Fund for fiscal year 2025. It directly affects state budget accounting by making unused economic development funds available for other state appropriations during the same fiscal year. The key mechanism is a simple reallocation of funds - expiring the unspent amount in the Economic Development Fund to the General Revenue surplus. This procedural change does not alter spending priorities but adjusts how unspent funds are handled in the state budget.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 26, 2025
Last action Feb 26, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
1
Feb 26, 2025
Introduced
Introduced in Senate
upper
Feb 26, 2025
Committee
To Finance
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jason Barrett
RRepublican
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