HB 2077 – Creates the Surplus Revenue Fund for deposit of up to $215 million of revenues in excess of $16.834 billion for fiscal years 2014 and 2015

• Sponsor: Schaefer
• LR Number: 6336H.01T
• Committee: Appropriations
• Last Action: 7/2/2014 - Signed by Governor
• Effective Date: August 28, 2014
• House Handler: Stream

Current Bill Summary

HB 2077 - This act requires general revenues collected in excess of $16.834 billion for the period of July 1, 2013, to June 30, 2015, be deposit into the newly created Surplus Revenue Fund. The maximum amount to be deposited into the fund is $215 million. Once such amount is deposited into the fund, the excess revenues will once again be deposited into the general revenue fund.

MIKE HAMMANN