SB 1091 - Increases State Rainy-Day Fund by 10 Percent - Arizona Key Vote
Kirsten Engel voted Nay (Passage) on this Legislation.
Timeline
- Executive Signed
- April 9, 2019
- House Bill Passed
- April 3, 2019
- Senate Bill Passed
- Feb. 7, 2019
- Introduced
- Jan. 17, 2019
Related Issues
Stage Details
Title: Increases State Rainy-Day Fund by 10 Percent
Signed by Governor Doug Ducey
Title: Increases State Rainy-Day Fund by 10 Percent
Vote Smart's Synopsis:
Vote to pass a bill that increases the cap on the state rainy-day fund by 10 percent.
Highlights:
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Specifies that at the end of a fiscal year, the rainy-day fund balance shall not exceed 10 percent of the state general fund revenue (Sec. 1).
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Requires that any surplus above 10 percent will be transferred into the state general fund (Sec. 1).
Title: Increases State Rainy-Day Fund by 10 Percent
Vote Smart's Synopsis:
Vote to pass a bill that increases the cap on the state rainy-day fund by 10 percent.
Highlights:
-
Specifies that at the end of a fiscal year, the rainy-day fund balance shall not exceed 10 percent of the state general fund revenue (Sec. 1).
-
Requires that any surplus above 10 percent will be transferred into the state general fund (Sec. 1).
Title: Increases State Rainy-Day Fund by 10 Percent