SB 33 CHILDREN'S NEXT GENERATION TRUST FUND

Sen Jerry Ortiz y Pino

Actions: [1] SCC/SHPAC/SFC-SCC-germane-SHPAC

Scheduled: Not Scheduled

 Senate Bill 33 (SB 33) makes appropriations to the Children’s Trust Fund and the Next Generation Fund to increase the amount of grant funding that can be used each year to support programs that protect children. 

 Senate Bill 33 (SB 33) appropriates six million dollars ($6,000,000) from the General Fund to the Children’s Trust Fund for expenditure in Fiscal Year 2025 and subsequent years to increase the amount of grant funding that can be used each year to support programs that protect children. Any unencumbered balance remaining at the end of a Fiscal Year shall not revert to the General Fund. Four million dollars ($4,000,000) is appropriated from the General Fund to the Next Generation Fund for expenditure in Fiscal Year 2025 and subsequent years to increase the amount of grant funding that can be used each year to support programs that protect children. Any unexpended or unencumbered balance remaining at the end of a Fiscal Year shall not revert to the General Fund. 

 If the bill does not pass, the current limits on the amount of grant funding that can be used each year from the Children’s Trust Fund and the Next Generation Fund will remain in place.