2001 Session

Budget Amendments - HB1600 (Committee Approved)

View Budget Item
View Budget Item amendments

Subsequent Fiscal Year Transactions (language only)

Item 4-1.07 #1h

Item 4-1.07 #1h

Limited Adjustments of Appropriations

Page 581, after line 50, insert:
"Notwithstanding any contrary provision of law, the State Comptroller may begin preparing the accounts of the Commonwealth for each subsequent fiscal year on or about ten (10) days before the start of such fiscal year.  The books shall be open only to enter budgetary transactions and transactions that will not require the receipt or disbursement of funds until after June 30.  Should an emergency arise, or in years in which July 1 falls on a weekend requiring the processing of transactions on or before June 30, the State Comptroller may, with the concurrence of the Auditor of Public Accounts, authorize the disbursement of funds drawn against appropriations of the subsequent fiscal year, not to exceed the sum of three million dollars ($3,000,000) from the general fund.  This provision does not apply to debt service payments on bonds of the Commonwealth which shall be made in accordance with bond documents, Trust Indentures, and/or escrow agreements."
Page 581, strike lines 51 and 52.
Page 582, strike lines 1 through 3.

(This amendment provides emergency authority for the State Comptroller, with the concurrence of the Auditor of Public Accounts, to disburse funds from a subsequent fiscal year, up to $3.0 million.)