SB 326: BUDGET; REVOLVING FUNDS; DEMONSTRATION OF FINANCIAL SELF‑SUSTAINABILITY

Session Year: 2025-2026
House: Senate
Latest Version Date: 2025-04-24

Current Status:

In Progress

(2025-06-25: Act 223, on 06/25/2025 (Gov. Msg. No. 1325).)

Introduced

In Committee

First Chamber

In Committee

Second Chamber

Final Decking

Enacted

Version:

Requires the Legislature, in establishing or reviewing a revolving fund, to ensure the revolving fund is financially self-sustainable by either annual projections that show that the revolving fund will be sustainable without appropriations of general funds or a schedule of projected collections of outstanding payments to the revolving fund. (CD1)

Discussed in Hearing