1998 Session

Budget Amendments - HB29 (Committee Approved)

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Y2K Loans (language only)

Item 86 #2h

Item 86 #2h

Council On Information Management

Page 31, after line 58, insert:
"F.  Notwithstanding the provisions of §4-3.02 of this act, the Secretary of Finance may provide interest-free treasury loans to the Project Office for the purpose of assisting agencies' and institutions' efforts to bring their computer information systems into compliance with standards for the century date change which takes place in year 2000.  The specific terms and structure of any loan to the Project Office shall be approved by the Secretary of Finance in consultation with the Chairmen of the House Appropriations and Senate Finance Committees or their designees.  A treasury loan to the Project Office for this purpose shall be considered bridge financing until permanent financing recommendations are made and approved by the General Assembly."

(This amendment is self-explanatory.)