summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
Relative to the commitment of a certain percentage of revenue to the stabilization fund. Revenue.
AI Summary
This bill proposes to amend the existing law to require the governor to submit a balanced budget to the general court, with the consolidated net surplus at the end of the fiscal year being greater than or equal to 0.5% of revenue receipts, and at least 0.5% of revenue receipts being transferred to the Commonwealth Stabilization Fund. The bill also specifies the procedure for certifying and disposing of the consolidated net surplus, including making a portion available as revenue for the current fiscal year and transferring the remaining amount to the Commonwealth Stabilization Fund.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Accompanied a study order, see H4721 (on 06/13/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/H2936 |
| BillText | https://malegislature.gov/Bills/193/H2936.pdf |
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