FINAL BILL REPORT

                                   ESB 6284

                                  C 236 L 92

                              SYNOPSIS AS ENACTED

Brief Description:  Transferring money from the budget stabilization account.

SPONSORS: Senators McDonald and Niemi; by request of Governor Gardner

BACKGROUND:

The budget stabilization account was created by the Legislature in 1981 to provide a resource for the stable financing of essential state services during periods of revenue shortfall.  Currently, the budget stabilization account has a balance of $260 million.

SUMMARY:

The Legislature finds that state revenues have fallen below previous projections.  A total of $160 million from the budget stabilization account is appropriated to the general fund to provide for the continuation of agency programs.

VOTES ON FINAL PASSAGE:

Senate      44    4

House 59    37

EFFECTIVE:  April 2, 1992