Bill Number: H.B. 2011

            Yee Floor Amendment

            Reference to: House engrossed bill

            Amendment drafted by: Leg Council

 

 

1.    As currently drafted, House Bill 2011 requires political subdivisions that have cash reserves in excess of 10 percent in their Interest and Redemption Fund in FY 2018 to reduce the excess reserves in equal amounts in FY 2018 and FY 2019.  

 

2.    The Yee Floor Amendment allows a city with a population of 500,000 or more to reduce its excess reserves in FY 2018 through 2023.

 

Fifty-third Legislature                                                       Yee

First Regular Session                                                   H.B. 2011

 

YEE FLOOR AMENDMENT

SENATE AMENDMENTS TO H.B. 2011

(Reference to House engrossed bill)

 

 

Page 1, line 43, after "2018-2019" insert ", except that a city with a population of 500,000 or more persons may reduce the excess reserves in fiscal years 2017-2018 through 2022-2023"

Amend title to conform

 

 

KIMBERLY YEE

 

2011FloorYEE

03/22/2017

11:31 AM

C: MEB