HB 1363: Temporarily Reduce General Fund Reserve
HB 1363 status: Enacted — Governor Signed (updated Jun 4, 2026).
What this bill does
Overall score
Bill summary
OfficialUnder current law, the general fund reserve requirement is equal to 15% of the amount appropriated for expenditure from the general fund for that fiscal year minus:The difference between $100,000,000 and the proceeds of the sale of insurance premium and corporate tax credits that are credited to the health insurance af...
Key analysis
Impact analysis
Environment
Benefits
- No direct environmental benefit identified
Risks
- No direct environmental risk identified
Economy
Benefits
- Increases immediate available general fund capital
- Provides fiscal flexibility during the two-year period
Risks
- Decreases state emergency fiscal cushion
- Heightens vulnerability to economic volatility
Society
Benefits
- Enables short-term funding for public programs
Risks
- Risk of future service cuts if revenues decline
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
Reduction in reserve requirements decreases the state's resilience against economic downturns
Analysis based on bill summary; full fiscal impact report unavailable
Where it stands
Introduced
CompleteCommittee
CompleteFloor
CompleteGovernor
CompleteEnacted
CompleteHow it affects your district
Set your location
Add your district to see how this bill may affect your community and who to contact.
Take action
Contact your representatives
Let them know how you feel about this bill.
Share your view
Join the discussion and see what others are saying.
Track this bill
Stay updated on progress and changes.