An Act amending the act of April 9, 1929 (P.L.343, No.176), known as The Fiscal Code, in special funds, further providing for disposition of Budget Stabilization Reserve Fund.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill modifies the Pennsylvania Fiscal Code to outline how the Budget Stabilization Reserve Fund can be used during emergencies or economic downturns. Specifically, it allows the Governor to request appropriations from the fund when needed to address public health, safety, or welfare concerns, or to counteract revenue shortfalls. The bill also directs a specific transfer of funds from the reserve to support food banks and organizations assisting senior citizens facing food insecurity due to the loss of federal SNAP benefits.
Key provisions
- Allows the Governor to request appropriations from the Budget Stabilization Reserve Fund for emergencies or economic downturns.
- Requires the Governor to present a proposal and suggested legislation to the Appropriations Committees for approval.
- Directs a transfer of $50 million to the Department of Agriculture for grants to food banks.
- Directs a transfer of $10 million to the Department of Human Services for grants to organizations assisting senior citizens.
- Directs a transfer of $2 million for administrative costs related to the fund transfers.
- Specifies that any unused funds from these appropriations will be returned to the Budget Stabilization Reserve Fund.
- Establishes a specific transfer of $62 million to address SNAP benefit losses.
Who is affected
- Pennsylvania Residents
- Food Banks
- Senior Citizens
Bill text
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Document of record
- Version
- Pn 1302 Html
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Sponsors
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9 on record
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