Bills · 2013-2014 Regular Session
Relating to: uses of moneys in the budget stabilization fund.
- Introduced, stopped here
- Passes Senate, not reached
- Passes Assembly, not reached
- Governor signs, not reached
- Law, not reached
Unfamiliar terms? Glossary
What this bill does
Plain-language analysis by the nonpartisan Legislative Reference Bureau
Under current law, there exists a budget stabilization fund. When the fund was
initially created in
1985 Wisconsin Act 120
, the act provided that moneys in the
budget stabilization fund were reserved to provide state revenue stability during
periods of below-normal economic activity when actual state revenues were lower
than estimated revenues. This expenditure provision was eliminated in
2001
Wisconsin Act 16
. This bill restores the original restriction on expenditures from the
budget stabilization fund.
Sponsors
Full history
- May 8, 2013 · Senate
Introduced by Senators Harsdorf, Leibham and Lasee; cosponsored by Representatives Marklein, T. Larson, Stone, A. Ott and Endsley
- May 8, 2013 · Senate
Read first time and referred to Committee on Government Operations, Public Works, and Telecommunications
- Apr 8, 2014 · Senate
Failed to pass pursuant to Senate Joint Resolution 1