Plain English Breakdown
The official source material does not provide specific details about ongoing projects or activities funded by these closed funds, nor does it specify exact amounts of money being transferred between funds.
Changes to Non-General Funds
This bill closes or reclassifies certain non-general funds within the Department of Land and Natural Resources based on recommendations from an auditor's report.
What This Bill Does
- Closes the Managing Land Fund Trust Fund established in 2007, with any remaining money going to the general fund.
- Reclassifies the Donations, Gifts, and Grants from Private and Governmental Entities Trust Account created in 1998 as a trust fund.
- Changes the Land and Natural Resources Natural Physical Environment Special Fund started in 2000 into a trust account.
- Reclassifies the Land Division - Water Monitoring Services Trust Account established in 1979 as a trust fund.
- Closes the Native Resources and Fire Protection Program Trust Fund created in 2012, with any remaining money going to the Endangered Species Trust Fund.
Who It Names or Affects
- The Department of Land and Natural Resources
- People who manage funds within this department
Terms To Know
- Trust Fund
- A fund that is set aside for a specific purpose, often managed by the government.
- Non-General Funds
- Funds that are not part of the general budget and have their own separate accounting.
Limits and Unknowns
- The bill does not specify what happens to ongoing projects or activities funded by these closed funds.
- It is unclear how much money will be transferred from closed funds to other funds.