2000 Session

Budget Amendments - SB30 (Conference Report)

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CMSIP Trust Fund Transfer (language only)

Item 3-1.01 #1c

Item 3-1.01 #1c

Interfund Transfers

Page 425, line 16, after "year.", insert:
"The State Comptroller shall transfer 90 percent of the yearly estimated amounts to the Trust Fund on July 15 of each year."

(This amendment provides up-front cash for the administration of the children's health insurance program. Special revenues collected for the program are received late in the fiscal year, making it difficult for the Department of Medical Assistance Services and the Department of Social Services to manage transactions for the program.)