1998 Session

Budget Amendments - HB29 (Committee Approved)

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Y2K Additional Appropriation

Item 86 #1h

Item 86 #1h

First Year - FY1997 Second Year - FY1998
Council On Information Management FY1997 $0 FY1998 $5,000,000 GF

Page 30, line 14, strike "$985,704" and insert "$5,985,704".
Page 31, after line 58, insert:
"F.  There is hereby created in the State Treasury a special, non-reverting fund to be known as the Century Date Change Compliance Contingency Fund ("the Fund"), into which the sum of $5.0 million is hereby appropriated from the general fund of the Commonwealth.  The Fund shall be established on the books of the Comptroller.  Interest earned on moneys in the Fund shall remain in the Fund, and be credited to it.  All moneys remaining in the Fund, including interest thereon, at the end of each fiscal year shall not revert to the general fund but shall remain with the Fund.  Moneys in the Fund shall be used solely for the purpose of making the Commonwealth's computers, computer applications, and other date-sensitive electronic equipment compliant with the standards necessary to operate such equipment after December 31, 1999.  Expenditures and disbursements from the Fund shall be made by the State Treasurer on warrants issued by the Comptroller upon written request signed by the Secretary of Administration upon the recommendation of the Year 2000 Compliance Office Project Director."

(This amendment is self-explanatory.)