Proposed H.B. No. 6805
Session Year 2025
 


AN ACT ADJUSTING THE BUDGET RESERVE FUND CAP AND DEPOSITING CERTAIN AMOUNTS IN A MUNICIPAL INFRASTRUCTURE RENOVATION FUND DEDICATED TO CERTAIN PURPOSES.

That the cap on the amount in the Budget Reserve Fund be adjusted to fifteen per cent and the amount between fifteen per cent and eighteen per cent that would otherwise be deposited in said fund be deposited in a Municipal Infrastructure Renovation Fund, to be used for municipal capital expenditures and for certain one-time non-reoccurring expenditures.

Introduced by:
Rep. David DeFronzo, 26th Dist.
Sen. Rick Lopes, 6th Dist.
Rep. Robert Sanchez, 25th Dist.

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Bill History

 Date Action Taken
 1/29/2025Referred to Joint Committee on Finance, Revenue and Bonding

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