Help America Vote Act trust fund.

05LSO-0209.C1

                                                         

FISCAL NOTE

 

This bill contains an appropriation of $10,000,000 from the GENERAL FUND to a permanent elections fund effective immediately upon completion of all acts necessary for a bill to become law.   

 

The purpose of the account is to fund future costs of replacement and maintenance of voting systems, the statewide voter registration system, and other ongoing costs required by the Help America Vote Act.  

 

The legislation notes that to the extent additional federal funds are received to implement the Help America Vote Act after the effective date of this act, funds appropriated will be returned to the General Fund on a dollar per dollar basis per additional federal funds received.  Interest and investment income accruing from the corpus of the account shall be credited to the account.

 

Expenditures from the account will only be made following review by the Joint Appropriations Committee, Joint Corporations Committee, and approval by the Governor. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepared by:     Wendy Madsen, LSO            Phone:  777-7881

 

(Information provided by Pat Arp, Secretary of State’s Office, telephone:  777-5333)