Commencing with the fiscal year beginning July 1, 2020, and each fiscal year thereafter, the Treasurer of State shall transfer all remaining general revenues available for distribution on the last day of business in July 2020, and on the last day of business in each calendar month thereafter during the fiscal year to the various […]
(a) (1) ALLOCATION A. The Treasurer of State shall first make monthly allocations in the proportions set out in this subsection to the funds and fund accounts listed below until there has been transferred a total of five billion two hundred sixty-one million one hundred eighty-three thousand seven hundred eight dollars ($5,261,183,708) or so much […]
The Treasurer of State, in calculating the proportionate share of the maximum allocation to determine the monthly distribution of net general revenues available for distribution for each fund or fund account, as authorized in this subchapter, shall compute the calculation of five (5) digits to the right of the decimal point, “rounded off”. In the […]
After making the maximum annual allocation as provided for in § 19-5-402: (1) Seventy-five percent (75%) of the remaining general revenues available for distribution during each fiscal year shall be transferred on the last day of business in each calendar month to the General Revenue Allotment Reserve Fund, there to be used for the respective […]
