Financial

Ready Utah (and related) Package of Bills:

About Financial Ready Utah
Financial Ready Utah was created by Utahs CPA community, chambers of commerce, state
legislators, community leaders, educators and others who are invested in taking action on securing a
sustainable future for our families. Individuals have come forward to leverage their voices in an
effort to prepare for a financial earthquake in the spirit of Be Ready Utah. Learn more about
Financial Ready Utah at www.financialreadyutah.com

HB138 (2011) Federal Receipts Reporting Requirements: This bill requires all state agencies to
disclose annually total federal receipts, the percentage it comprises of their budget, and their
contingency plan in the event of a reduction in amount or value of federal funds by 5% or 25%.
Chief Sponsor: Rep. Ken Ivory
Senate Sponsor: Wayne Niederhauser
http://le.utah.gov/~2011/bills/static/HB0138.html

SB 70 (2013) Federal Funds Commission: This Bill creates a Federal Funds Commission to assess
the risk of a reduction in the amount or value of federal funds into the state and how to reduce the
dependency of state and local governments on federal funds.
Chief Sponsor: Sen. Deidre Henderson
House Sponsor: Rep. Ken Ivory
http://le.utah.gov/~2013/bills/static/SB0070.html

SCR7 (2013) Concurrent Resolution to Reduce Utahs Dependence on Federal Funds: This
Resolution details what Erskine Bowles calls the most predictable economic crisis in history and
calls on Utah, its subdivisions, communities and families to lead out in our state and our nation to
provide for greater opportunities for future generations.
Chief Sponsor: Sen. Aaron Osmond
House Sponsor: Rep. Eric Hutchings
http://le.utah.gov/~2013/bills/static/scr007.html

SJR7 (2013) Joint Rules Resolution on Revenue Estimates for Federal Funds: This Resolution
establishes the legislative procedures for taking into account in the budgeting process the risk of a
reduction in the amount or value of federal funds.
Chief Sponsor: Sen. Wayne Harper
House Sponsor: Rep. Brian Greene
http://le.utah.gov/~2013/bills/static/sjr007.html

SB138 (2013) Amendments to Requirements for Governors Proposed Budget: This bill
establishes the requirement for taking into account in the Governors proposed budget the risk of a
reduction in the amount or value of federal funds.
Chief Sponsor: Sen. Wayne Harper
House Sponsor: Rep. Steve Handy
http://le.utah.gov/~2013/bills/static/sb0138.html

HB195 (2013) Budgetary Procedures Act Revisions: This Bill establishes the Rainy Day Funding
criteria to account for the risk of a reduction in the amount or value of federal funds.
Chief Sponsor: Rep. Ken Ivory
Senate Sponsor: Sen. Steve Urqhart
http://le.utah.gov/~2013/bills/static/hb0195.html

HB205 (2013) Contingency Plans for Political Subdivisions: This Bill extends the contingency
planning requirements of HB138 Federal Receipts Reporting Requirements (2011) to political
subdivisions.
Chief Sponsor: Rep. Ken Ivory
Senate Sponsor: Sen. Deidre Henderson
http://le.utah.gov/~2013/bills/static/hb0205.html

SB158 (2013) Municipal General Fund Amendments: This Bill increases the Rainy Day cap for
municipalities to deal with contingencies.
Chief Sponsor: Sen. Deidre Henderson
House Sponsor: Rep. John Knotwell
http://le.utah.gov/~2013/bills/static/sb0158.html

2014 Federal Funds Risk Model
RFP: http://le.utah.gov/interim/2014/pdf/00005082.pdf
Federal Funds Risk Modeling Tool: http://federalrisk.le.utah.gov

2015 HJR7 Joint Resolution Calling for a Balanced Budget Amendment to the U.S. Constitution:
This joint resolution of the Legislature calls for an Article V convention to propose a balanced budget
amendment to the United States Constitution.
Chief Sponsor: Rep. Kraig Powell
Senate Sponsor: Sen. Curt Bramble
http://le.utah.gov/~2015/bills/static/HJR007.html

2016 Federal Funds Procedures Act Amendments: This bill establishes and funds a consolidated
grants management system.
Chief Sponsor: Rep. Justin Fawson
Senate Sponsor: Sen. Ann Millner
http://le.utah.gov/~2016/bills/static/HB0329.html

2016 State of Utah Federal Funds Commission Economic Risk Analysis:
http://le.utah.gov/interim/2016/pdf/00003460.pdf

2016 HJR8 Joint Resolution Calling for a Convention to the Amend the Constitution o the
United States: This resolution calls for a convention of the states limited to proposing amendments
to the Constitution of the United States that (i) impose fiscal restraints on the federal government, (ii)
limit the power and jurisdiction of the federal government, and (iii) limit the terms of office for its
officials and for members of Congress. Passed the House, failed in the Senate.
Chief Sponsor: Rep. Ken Ivory
Senate Sponsor: Sen. Curt Bramble
http://le.utah.gov/~2016/bills/static/HJR008.html
www.ConventionOfStates.com

For more information:
Rep. Ken Ivory
Utah House of Representatives
801.694.8380
kivory@le.utah.gov