HB 1409 IN

0likes☆Favorite🔕SubscribeShare

Requires the budget agency to make a supplemental distribution to a county from the county's trust account if the budget agency determines that the balance in the county's trust account exceeds 11% (which is a decrease from 15% under current law) of the certified distributions to be made to the county in a determination year. Provides that the amount of the supplemental distribution is equal to the amount by which: (1) the balance in the county trust account; minus (2) the amount of any supplemental or special distribution that has not yet been accounted for in the last known balance of the county's trust account; exceeds 11% (which is a decrease from 15% under current law) of the certified distributions to be made to the county in the determination year.

• Ben Smaltz Republican · author

1. Jan 17, 2023 Authored by Representative Smaltz · lower
2. Jan 17, 2023 First reading: referred to Committee on Ways and Means · lower

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Introduced House Bill (H) · Jan 17, 2023 · PDF