2965 AMH STOK FRAS 880

  

HB 2965 - H AMD 1863

By Representative Stokesbary

ADOPTED 03/03/2020

On page 1, line 11, after "2020." insert "For purposes of RCW 43.88.055(4), the appropriation in this section does not alter the requirement to balance in the ensuing biennium."

On page 1, line 18, after "2020." insert: "The appropriation in this section is subject to the following conditions and limitations:

(1) The office of financial management must provide monthly updates on spending from this appropriation to the fiscal committees of the legislature.

(2) Funding from this section may not be used to supplant existing federal, state, and local funds for services and activities that will assist in the response to the novel coronavirus.

(3) Agencies and local governments must demonstrate maximum use of available federal funds for novel coronavirus response and recovery efforts before seeking funding from this appropriation. If an agency or local government subsequently receives reimbursement from federal sources of amounts spent from the appropriation in this section, the agency or local government must remit the federal funding to the state treasurer for reimbursement to the budget stabilization account.

(4) By July 1, 2021, the office of financial management must certify to the state treasurer the amount of any unobligated moneys in the disaster response account that are attributable to the budget stabilization account appropriation in section 1 of this act, and the treasurer must transfer those moneys back to the budget stabilization account."

EFFECT:   The appropriation from the Budget Stabilization Account (BSA) does not alter the requirement to balance in the ensuing fiscal biennium under the four-year balanced budget requirement. OFM must provide monthly updates to the legislative health care and fiscal committees on expenditures of the BSA moneys appropriated into the Disaster Response Account. Spending from the appropriation may not be used to supplant existing state, federal, or local spending for novel coronavirus response. State agencies and local governments must demonstrate maximum use of federal resources before seeking funding from the appropriation, and reimbursement from federal sources must be repaid to the BSA. Any unspent amounts attributable to the BSA appropriation must be transferred back to the BSA at the close of the fiscal biennium.

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