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House Fiscal DivisionHouse of Representatives
Capital Outlay (House Bill 2) ProcessNovember 1st ‐ Capital Outlay request deadline (includes legislative letters of support)
February 1st ‐ JLCCO has authority to approve non‐state entity
projects with total cost of less than $1 million
8th day of Legislative Session ‐ Governor’s Capital Outlay Budget Bill introduced in House
House Ways and Means Committee reviews
bond projects
House Appropriations Committee reviews
cash projects
House FloorSenate Revenue and
Fiscal Affairs Committee reviews bond projects
Senate Finance Committee reviews
cash projectsSenate Floor
If House Floor rejects amendments
If House Floor accepts amendments
Conference Committee
House Floor adopts conference committee
report
Senate Floor adopts conference committee
report
Sent to governor – Line item vetoes
July of each year DOA notifies entities of
requirements for lines of credit
recommendation
Legislature veto override – 2/3 vote
State Bond Commission approves lines of credit
and bond sales
House Fiscal DivisionHouse of Representatives
Priority 1 – Cash line of creditContinuation of an existing cash line of credit (old money). Must be reauthorized by the SBC each year.
Priority 2 – New appropriationMust receive a cash line of credit from the SBC in the year it is appropriated in order for it to be considered approved funding for the project.
Priority 5 – New appropriation or continuation of an existing non‐cash line of creditNew appropriation must receive a non‐cash line of credit from the SBC in order for it to be considered approved funding for the project.Continuation of an existing non‐cash line of credit (trailing funds). Must be reauthorized by the SBC each year.
Priorities 3 and 4 – lowest category of funding P3 and P4 only considered for funding after P1 and P2. Since there is more P2 in the bill than capacity, P3 and P4 are rarely funded.
Capital Outlay Priorities – What do they mean?