Maximum Reserve Requirement for Certain Cash Funds
About This Bill
Latest Action · May 29, 2026
Governor Signed
Session
2026A
Introduced
Apr 2, 2026
Primary Sponsor
K. Brown· sponsor
Summary
Highlight any text to annotate
The act exempts the public school construction and inspection cash fund and the health facility construction and inspection cash fund from the annual limitations on the amount of uncommitted reserves that may be held in a cash fund (maximum reserve). Instead, those cash funds are subject to the same substantive maximum reserve requirements if the uncommitted reserves of the fund exceed the allowable maximum reserve for 3 consecutive fiscal years.(Note: This summary applies to this bill as enacted.)