***Adopted***
AMENDMENT No. 1 PROPOSED TO
House Bill NO. 1015
By Senator(s) Committee
Amend by striking all after the enacting clause and inserting in lieu thereof the following:
SECTION 1. The State Treasurer is authorized and empowered to transfer to the Budget Contingency Fund out of the following enumerated special funds, amounts not to exceed in the aggregate the sums listed below for each special fund in such a manner throughout the period beginning upon passage of this act and through June 30, 2001 as deemed prudent:
Agency/Fund Fund No. Amount
Department of Insurance 3501 $ 1,300,000.00
State Fire Academy 3502 500,000.00
Unclaimed Property Fund 3178 4,200,000.00
Criminal Justice Fund 3086 450,000.00
Total $ 6,450,000.00
SECTION 2. There is created in the State Treasury a special fund to be known as the "Budget Contingency Fund," into which shall be deposited any funds designated for deposit therein by law. All funds deposited into the Budget Contingency Fund shall be appropriated by the Legislature.
SECTION 3. This act shall take effect and be in force from and after its passage.
Further, amend by striking the title in its entirety and inserting in lieu thereof the following:
AN ACT TO DIRECT THE STATE TREASURER TO TRANSFER CERTAIN AMOUNTS OF CASH FROM CERTAIN SPECIAL FUNDS IN THE STATE TREASURY TO THE BUDGET CONTINGENCY FUND; TO CREATE THE BUDGET CONTINGENCY FUND IN THE STATE TREASURY; AND FOR RELATED PURPOSES.