5077-S AMS BAUM JONE 019

SSB 5077 - S AMD 318

By Senator Baumgartner

ADOPTED 04/03/2015

    On page 279, after line 21, insert the following:

"NEW SECTION. Sec. 963.  UNRESTRICTED RESERVES.   The state treasurer shall place in unrestricted reserve in the state general fund an amount equivalent to the $296 million in marijuana-related state revenues under Substitute Senate Bill No. 6062 (concerning marijuana regulation).  This unrestricted reserve shall be placed in unallotted status and remain unexpended during the 2015-2017 fiscal biennium."

EFFECT:  An amount equal to state marijuana-related revenues under SSB 6062 ($296 million) is placed in unexpended reserve in the state General Fund.

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