Bill
Bill > SB107
summary
Introduced
01/22/2025
01/22/2025
In Committee
04/09/2025
04/09/2025
Crossed Over
03/28/2025
03/28/2025
Passed
06/11/2025
06/11/2025
Dead
Signed/Enacted/Adopted
06/11/2025
06/11/2025
Introduced Session
2025 Regular Session
Bill Summary
This bill allows the state treasurer to invest funds from the nongame species special fund. This bill is a request of the fish and game department.
AI Summary
This bill enables the state treasurer to invest funds from the nongame species account, which is a special nonlapsing account within the fish and game fund. Currently, the account receives money from federal sources, state appropriations, and donations, and is used to develop and implement a comprehensive nongame species management program. The bill specifically adds language allowing the treasurer to invest these funds as provided by law and to credit any investment interest directly back to the nongame species account. This change means that instead of interest from these funds going to the general fund (as is typically the case with state funds), the interest will now be retained within the nongame species account, potentially providing additional resources for nongame species conservation efforts. The bill will take effect 60 days after its passage and does not require additional funding or create new positions. The fiscal note indicates that while this will reduce general fund interest revenue, it will increase revenue for the nongame species account by an indeterminable amount.
Committee Categories
Agriculture and Natural Resources, Budget and Finance
Sponsors (1)
Last Action
Signed by the Governor on 06/10/2025; Chapter 0088; Effective 08/09/2025 (on 06/11/2025)
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