Increases the rolling average amount available for disbursement from the Children's Trust Fund.
This bill amends the Children's Trust Fund provisions to increase the rolling average amount available for disbursement. It specifies that up to 5% of the 12-quarter rolling average must be available for disbursement starting in fiscal year 2018 if the average is at least $23,500,000. If the average is less, up to 4.25% must be available. Beginning in fiscal year 2025, up to 8% of the 12-quarter rolling average must be available for disbursement. The fund is created as a charitable and educational endowment in the Department of Treasury.
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- Core Provisions
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- Legal Framework
- Critical Issues
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