2016 House Bill 5847

Revise “Rainy Day Fund” rules

Introduced in the House

Sept. 8, 2016

Introduced by Rep. Al Pscholka (R-79)

To revise details in the law governing a state “Rainy Day Fund” and that relate to deposit and withdrawal benchmarks and more. The bill would ban withdrawing money from the fund during a year when the aggregate personal income of residents has risen, allow larger withdrawals when incomes have not risen, raise the cap on how much the fund may hold and more.

Referred to the Committee on Appropriations

Sept. 21, 2016

Reported without amendment

With the recommendation that the substitute (H-1) be adopted and that the bill then pass.

Nov. 29, 2016

Passed in the House 70 to 37 (details)

Received in the Senate

Nov. 30, 2016

To revise details in the law governing a state “Rainy Day Fund” and that relate to deposit and withdrawal benchmarks and more. The bill would ban withdrawing money from the fund during a year when the aggregate personal income of residents has risen, allow larger withdrawals when incomes have not risen, raise the cap on how much the fund may hold and more.

Referred to the Committee on Appropriations

Dec. 8, 2016

Reported without amendment

With the recommendation that the bill pass.