2000 Session

Budget Amendments - HB29 (Conference Report)

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Y2K Loan Repayment (language only)

Item 3-1.01 #9c

Item 3-1.01 #9c

Interfund Transfers

Page 555, strike lines 14 to 17.
Page 555, following line 17, insert:
"The Department of Planning and Budget will work with the Century Date Change Office and the Department of Information Planning to develop a schedule for the repayment of $10,000,000 loaned from the general fund to pay for the Y2K efforts, which will begin no sooner that July 1, 2000.  The Department of Planning and Budget will report its findings and the method and schedule of repayment to the Chairmen of the Senate Finance and House Appropriation Committees by December 1, 2000.  No collections will occur before Department of Planning and Budget completes this report."

(This amendment provides for the repayment of the deficit loan to the Department of Technology Planning over a five-year period.)