Legislature(2003 - 2004)
05/10/2003 09:05 AM Senate FIN
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* first hearing in first committee of referral
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+ teleconferenced
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CS FOR HOUSE BILL NO. 109(FIN) "An Act relating to the limitation on payment of state treasury warrants and to the payment of a claim for which the appropriation has lapsed; and providing for an effective date." LINDA SYLVESTER, Staff to Representative Bruce Weyhrauch, informed the Committee that this bill would streamline the accounting functions for two items: stale-dated warrants and Miscellaneous Claims. She stated that rather than the current process in which the funds designated for warrants are transferred to the general fund if they are not cashed within two years of issuance, this legislation would designate that the funds for warrants not cashed within six months of issuance would be transferred to the Department of Revenue's "Unclaimed Property Section." She explained that this action would allow delinquent claims to be paid when the warrants are submitted, without requiring the originating department to request funds to be re-appropriated from the general fund via the Fast Track Supplemental bill. Senator Olson asked whether there is any opposition to this bill. Ms. Sylvester stated there is none. Senator Taylor moved to report the bill from Committee with individual recommendations and accompanying fiscal note. There being no objections, CS HB 109 (FIN) was REPORTED from Committee with zero fiscal note #1 from the Department of Administration.
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