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Bill > S1380


ID S1380

ID S1380
Relates to the appropriation to the Endowment Fund Investment Board for fiscal year 2027.


summary

Introduced
03/10/2026
In Committee
03/12/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

RELATING TO THE APPROPRIATION TO THE ENDOWMENT FUND INVESTMENT BOARD; APPRO- PRIATING ADDITIONAL MONEYS TO THE ENDOWMENT FUND INVESTMENT BOARD FOR FISCAL YEAR 2027; AND DECLARING AN EMERGENCY AND PROVIDING AN EFFECTIVE DATE.

AI Summary

This bill appropriates an additional $3,700 to the Endowment Fund Investment Board for fiscal year 2027, which runs from July 1, 2026, to June 30, 2027, specifically for capital outlay expenses, meaning spending on long-term assets like buildings or equipment. This funding will come from the Endowment Earnings Administrative Fund, which is a fund used to manage earnings from endowments, and the bill declares an emergency, making it effective immediately on July 1, 2026, to ensure the funds are available for the intended period.

Committee Categories

Budget and Finance, Justice

Sponsors (2)

Other Sponsors (1)

Finance Committee (Senate)

Last Action

Third Reading Calendar (10:00:00 3/16/2026 Senate Floor) (on 03/16/2026)

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