1997 Session

Budget Amendments - SB700 (Committee Approved)

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Public/Private Partnership (language only)

Item 277 #1s

Item 277 #1s

Taxation, Department of

Page 194, line 1 strike "annually".
Page 194, line 9, after the word "paid", insert:
"The Tax Commissioner may draw from such special fund as often as is necessary to make contractually required payments to private partners."

(This amendment authorizes the Tax Commissioner to identify revenues attributed to a public/private partnership and compensate private partners more frequently than annually, in accordance with payment schedules agreed to by contract with a private partner.)