A2490 — Provides that at the close of each fiscal year, five percent of any cash surplus in the general fund shall be transferred to the debt reduction reserve fund

A2490 — Provides that at the close of each fiscal year, five percent of any cash surplus in the general fund shall be transferred to the debt reduction reserve fund · Informed CitizenryThis bill amends the state finance law to establish a requirement that at the close of each fiscal year, five percent of any cash surplus in the general fund be transferred to the debt reduction re…Open in Informed Citizenry