Indiana Senate Bill 414 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 12 2015 - 25% progression, died in committee
Action: 2015-01-12 - First Reading: referred to Committee on Appropriations
Pending: Senate Appropriations Committee
Text: Latest bill text (Introduced) [PDF]

Use of state general fund investment earnings. Provides that beginning after the 2016 state fiscal year, the investment earnings on the state general fund for the preceding state fiscal year shall be distributed to counties if the combined balances of the state general fund, the Medicaid contingency and reserve account, the state tuition reserve fund, and the state rainy day fund exceed $1,000,000,000. Specifies that the investment earnings are distributed to counties proportionately based on population. Provides that a distribution received by a county may be used, after appropriation by the county fiscal body, only for purposes related to health,

Use of state general fund investment earnings. Provides that beginning after the 2016 state fiscal year, the investment earnings on the state general fund for the preceding state fiscal year shall be distributed to counties if the combined balances of the state general fund, the Medicaid contingency and reserve account, the state tuition reserve fund, and the state rainy day fund exceed $1,000,000,000. Specifies that the investment earnings are distributed to counties proportionately based on population. Provides that a distribution received by a county may be used, after appropriation by the county fiscal body, only for purposes related to health,

Sen. James Merritt [R]

Date	Chamber	Action
2015-01-12	Senate	First Reading: referred to Committee on Appropriations
2015-01-12	Senate	Authored by Senator Merritt

Type	Source
Summary	https://iga.in.gov/legislative/2015/bills/senate/414/details
Text	http://iga.in.gov/static-documents/7/7/a/f/77afdf20/SB0414.01.INTR.pdf