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1998 Session

Budget Amendments - SB30 (Committee Approved)

Oil Overcharge for energy savings capital projects

Item C-6.10 #1s

Item C-6.10 #1s

First Year - FY1999 Second Year - FY2000
Central Appropriations
Central Capital Outlay FY1999 ($1,340,000) FY2000 $0 GF
FY1999 $1,340,000 FY2000 $0 NGF

Language
Page 350, after line 41, insert:
"C-6.10 Improvements: Statewide Energy Efficiency Projects (16159)
              Fund Sources:  General                                 ($1,340,000)
                                           Trust and Agency                $1,340,000

A.  Prior to the award of a capital outlay construction contract for any project set out in Part 2 of this act which has an energy-related component, the responsible agency must notify the Director of the Department of Planning and Budget.  The Department of Planning and Budget, with the assistance of the Department of Mines, Minerals and Energy, shall review the project to determine if it meets the guidelines in Item 549 for funding from the Oil Overcharge Expendable Trust Fund.  If an application for funding the project is approved by the United States Department of Energy, the Director of the Department of Planning and Budget is authorized to transfer nongeneral funds from this item to the project.

B.  The Director of the Department of Planning and Budget shall withhold from agency appropriations and transfer to this item an amount estimated at $1,340,000 from those capital projects that are found to meet the criteria for funding from the Oil Overcharge Expendable Trust Fund and are approved for funding by the United States Department of Energy.".


Explanation
(This amendment provides for the use of nongeneral funds from the Oil Overcharge Expendable Trust Fund to support one or more energy-related capital projects which are designed to benefit consumers of petroleum products. Any general funds appropriated for these energy-related projects are to be transferred to this account.)