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Legislation


2008 Regular Session

SENATE BILL 540

File Code: Operating Budget Crossfiled with: HOUSE BILL 1244
Sponsored By:
Chair, Budget and Taxation Committee
Entitled:
Transfer of Special Fund Balances

Synopsis:

Requiring that on or before June 1, 2008, the Governor shall transfer $100,000,000 from the Dedicated Purse Account to the General Fund for the purpose of defraying the future costs associated with retirement benefits for State employees; repealing the Joseph Fund Account within the State Reserve Fund, the Joseph Fund Board, and related provisions of law; requiring that a specified balance in the Joseph Fund Account be transferred to the Revenue Stabilization Account of the State Reserve Fund; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.
Senate Action
2/1
First Reading Budget and Taxation
2/13
Hearing 2/27 at 1:00 p.m.
3/10
Favorable with Amendments Report by Budget and Taxation
Laid Over Adopted
3/11
Favorable with Amendments
Special Order 3/12 (Senator Currie) Adopted
3/12
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/14
Third Reading Passed (45-0)
3/21
Senate Refuses to Concur - House Amendments
Senate Requests House Recede
Conference Committee Appointed ...
Senators Currie, Kasemeyer, and DeGrange
4/2
Conference Committee Report Adopted
Third Reading Passed (43-3)
3/31
Passed Enrolled
House Action
3/14
First Reading Appropriations
3/17
Favorable with Amendments Report by Appropriations
3/15
Favorable with Amendments
Special Order 3/19 (Delegate Conway) Adopted
3/16
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/17
Third Reading Passed with Amendments (138-0)
3/18
House Refuses to Recede
Conference Committee Appointed ...
Delegates Conway, Griffith, and G. Clagett
3/31
Conference Committee Report Adopted
Third Reading Passed (138-0)
Action after passage in Senate and House
5/13
Approved by the Governor
- Chapter 417

Bill indexed under the following Subjects:

Budgets -see also- Capital Budgets
Committees and Commissions -see also- Political Committees
Governor
Retirement Systems -see also- Mandatory Retirement
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Social Services -see also- Welfare
State Employees

Bill affects the following Statutes:

State Finance and Procurement
( 7-309 , 7-327 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments (Displayed in PDF Format):
Senate
Number: 319031/01     Offered on: March 12, 2008   at: 6:34 p.m.     Status: Adopted
House
Number: 864264/01     Offered on: March 19, 2008   at: 1:56 p.m.     Status: Adopted
Conference Committee Documents (Displayed in PDF Format):
Report Number: 583728/1     Offered on: April 5, 2008   at: 1:23 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 14, 2008: Third Reading Passed (45-0)
April 2, 2008: Third Reading Passed (43-3)
House
March 17, 2008: Third Reading Passed (138-0)
March 31, 2008: Third Reading Passed (138-0)
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