About Financial Ready Utah

Financial Ready Utah was created by Utah’s 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
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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
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SCR7 (2013) Concurrent Resolution to Reduce Utah’s 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
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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
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SB138 (2013) Amendments to Requirements for Governor’s Proposed Budget: This bill establishes the requirement for taking into account in the Governor’s 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
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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
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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
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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
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2014 Federal Funds Risk Model RFP: Click here.
Federal Funds Risk Modeling Tool: Click here.

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
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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
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2016 State of Utah Federal Funds Commission Economic Risk Analysis: Click here.

2016 HJR8 Joint Resolution Calling for a Convention to the Amend the Constitution of 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
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