This amendment replaces the fixed annual transfer amount with a tiered transfer system based on the legislative stabilization reserve account balance, extends the transfer period by one year, and adds a requirement that transfers occur only after other mandatory appropriations.
- Changes the annual transfer schedule to begin July 1, 2026 (instead of 2025) and end July 1, 2056 (instead of 2055), extending the program by one additional year. (Page 3, lines 3-4)
- Replaces the fixed $100,000,000 annual transfer with a tiered system where the transfer amount depends on the balance of the legislative stabilization reserve account: $100,000,000 if balance exceeds $1.75 billion; $75,000,000 if balance exceeds $1.5 billion but not $1.75 billion; $50,000,000 if balance exceeds $1.25 billion but not $1.5 billion; $25,000,000 if balance exceeds $1 billion but not $1.25 billion; or $0 if balance is $1 billion or less. (Page 3, lines 9-36)
- Adds a requirement that transfers only occur if funds are available from the legislative stabilization reserve account and clarifies that transfers must be made after all other transfers and appropriations from the legislative stabilization reserve account required by law are made. (Page 3, lines 38-43 and Page 1, lines 1-2)
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