2000 Session

Budget Amendments - HB30 (Conference Report)

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Repayment of Y2K Deficit Loan (language only)

Item 3-1.01 #11c

Item 3-1.01 #11c

Interfund Transfers

Page 427, following line45, insert:
"X.  On or before June 30, 2001 and June 30, 2002, respectively the State Comptroller shall make installments for the repayment of the $10,000,000 deficit authrozation loan to the Department of Terchnology Planning.  The estimated general fund share of these repayments is $967,200 each year, the balance of each repayment shall come from nongeneral funds as specified in the report of the Department of Planning and Budget, as required by § 3-1.01.QQ of House Bill 29"

(This amendment provides for the repayment of the $10 million deficit loan to the Department of Technoogy Planning over a five year period.)