No. HB 1485
Filed under Taxes & Budget.
Trust Funds/Creation/Historic Cemeteries Trust Fund/Department of State; Creates Historic Cemeteries Trust Fund within Division of Historical Resources of DOS; provides purpose of trust fund; requires that moneys be deposited into trust fund & disbursed by division as provided in specified provision; requires that any balance at end of fiscal year remain in trust fund for specified purpose; provides for future review & termination or re-creation of trust fund.
Plain English Summary
AI-GENERATEDThe Department of State now manages a new trust fund specifically for the long-term upkeep of historic cemeteries. This centralizes funding for these specific sites.
Moneys must be deposited into the fund and disbursed by the division. The fund is strictly limited to the purposes of the Historic Cemeteries Program.
Any balance remaining at the end of a fiscal year must stay in the fund. It cannot be returned to the general state budget.
The fund is scheduled to terminate on July 1, 2030, unless the legislature acts sooner. A review is required before that date.
AICreates a new state trust fund within the Department of State's Division of Historical Resources specifically for the long-term maintenance and upkeep of cemeteries under the Historic Cemeteries Program.
AIRequires that all moneys be deposited into the trust fund and disbursed by the division strictly according to the rules set out in section 267.21, leaving no discretion to the fund itself.
AIOverrides the general state rule that unspent budget balances are returned to the general revenue account, requiring that any remaining money in the trust fund at the end of a fiscal year stays in the fund for its specific purposes.
AIRequires a legislative review of the trust fund before its scheduled termination on July 1, 2030, and mandates that the fund be terminated on that date unless the legislature acts sooner.