Senate Bill 945 redirects stabilization fund interest to the child care payment fund

Original title: State management: funds; interest earned from money in the countercyclical budget and economic stabilization fund; deposit into the child care payment fund.

Last action · May 7, 2026: REFERRED TO COMMITTEE ON APPROPRIATIONSSponsors: Rosemary Bayer and 5 others

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

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What This Bill Would Do

Senate Bill 945 requires that interest earned from the be deposited into the .

Why it matters

The measure changes how state investment earnings are allocated by shifting interest from a general economic stabilization reserve to a dedicated child care fund.

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

state treasurer

The state treasurer is required to deposit past accrued interest and ongoing investment interest from the countercyclical budget and economic stabilization fund into the child care payment fund.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

Where does the interest from the countercyclical budget and economic stabilization fund go under this bill?

All ongoing investment interest from the must be deposited into the .

What happens to past interest earned before the bill takes effect?

The state treasurer must deposit interest accrued from the fiscal year ending September 30, 2024 through the effective date of the act into the within 90 days of the effective date.

Is this bill guaranteed to become law on its own?

No, the bill explicitly states it will not take effect unless Senate Bill No. 946 of the 103rd Legislature is also enacted into law.

What else do you want to know?

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Where This Stands

Currently in committee. The next step in the legislative lifecycle is Floor Vote.

Procedural history

2 actions

May 7, 2026SenateCommittee
REFERRED TO COMMITTEE ON APPROPRIATIONS
May 7, 2026SenateIntroduced
INTRODUCED BY SENATOR ROSEMARY BAYER

Version history

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