Senate Bill 167

Actions | Amendments
Last Action 03/26/20: 2nd reading, to Rules
Title AN ACT relating to branch budget recommendations.
Bill Documents Introduced
Fiscal Impact Statements Fiscal Note
Additional Fiscal Impact Statements Exist
Bill Request Number 1077
Sponsor C. McDaniel
Summary of Original Version Amend KRS 48.020, relating to branch budget recommendations, to make technical corrections.
Index Headings of Original Version Technical Corrections - Branch budget recommendations, technical corrections
Budget and Financial Administration - Branch budget recommendations, technical corrections
Jump to Proposed Amendments Senate Committee Substitute 1 with Fiscal Impact Statements
Senate Committee Amendment 1
Senate Floor Amendment 1
Senate Floor Amendment 2
Senate Floor Amendment 3

Actions

Top | Amendments
02/13/20
  • introduced in Senate
02/18/20
  • to Appropriations & Revenue (S)
03/19/20
  • reported favorably, 1st reading, to Calendar with Committee Substitute (1) and committee amendment (1)
  • floor amendments (1), (2) and (3) filed to Committee Substitute
03/26/20
  • 2nd reading, to Rules

Proposed Amendments

Top | Actions
Amendment Senate Committee Substitute 1
Fiscal Impact Statement Fiscal Note to Senate Committee Substitute 1
Summary Requires the Cabinet for Economic Development to report to the Interim Joint Committee on Appropriations and Revenue, no later than June 1, 2020, regarding certain investments; directs the Commonwealth Seed Capital Fund to encumber, as reserve funds, the $15 million investment appropriated to the Cabinet for Economic Development in 2017 Ky. Acts ch. 176, secs. 1 and 3; allows the recovery of the encumbered moneys if the investment is not fulfilled; requires all recovered moneys to be deposited in the Budget Reserve Trust Fund Account.
Index Headings Fiscal Note - Appropriated funds, recovery of
Economic Development - Commonwealth Seed Capital Fund, appropriated funds, recovery of
Budget and Financial Administration - Appropriated funds, recovery of

Amendment Senate Committee Amendment 1
Sponsor C. McDaniel
Summary Make title amendment.
Index Headings Title Amendments - SB 167

Amendment Senate Floor Amendment 1
Sponsor R. Webb
Summary Retain original provisions, except require the report no later than September 15, 2020, instead of June 1, 2020.
Index Headings Economic Development - Report, September 15, 2020
Reports Mandated - Cabinet for Economic Development, September 15, 2020

Amendment Senate Floor Amendment 2
Sponsor R. Webb
Summary Retain original provisions, require the Commonwealth Seed Capital Fund to obtain quarterly financial and operational reports for every ongoing project and every future project that has received or will receive moneys from the fund; require the Cabinet for Economic Development to present the quarterly reports to the Interim Joint Committee on Appropriations and Revenue no later than the fifteenth day of the month following each calendar quarter.
Index Headings Economic Development - Commonwealth Seed Capital Fund, quarterly reports
Reports Mandated - Cabinet for Economic Development, quarterly reports

Amendment Senate Floor Amendment 3
Sponsor R. Webb
Summary Retain original provisions, except allow the Commonwealth Seed Capital Fund the flexibility to determine the appropriate time to recover the reserved money.
Index Headings Budget and Financial Administration - Capital Seed Capital Fund, recovery of funds, flexibility
Economic Development - Capital Seed Capital Fund, recovery of funds, flexibility

Last updated: 3/27/2020 4:06 PM (EDT)
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