Budget reserves-recommended appropriation amount.
HB 292 requires the governor to recommend setting aside 10% of estimated general fund revenue for the next two-year budget period into a dedicated budget reserve account. At the end of each biennium, any unspent general fund money (after covering expenses) is automatically transferred to this reserve. The reserve funds are invested by the state treasurer, with earnings returned to the general fund, and cannot expire. Spending from the reserve requires a new legislative appropriation, ensuring the state maintains a financial buffer for future budget needs.
Bill status
died
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 30, 2025
Last action Feb 11, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
1
Committee
2
Feb 11, 2025
Committee
H COW:H Did not consider for COW
lower
Feb 6, 2025
Lower · Passed
H02 - Appropriations:Recommend Do Pass 6-1-0-0-0
lower
Jan 30, 2025
Introduced
H Introduced and Referred to H02 - Appropriations
lower
1 primary · 5 co-sponsors
Sponsors
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