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2002 Session

Budget Amendments - HB30 (Committee Approved)

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DMV Records Transactions (language only)

Item 3-1.01 #16h

Item 3-1.01 #16h

Transfers
Interfund Transfers

Language
Page 419, after line 24, insert:
"AA. On or before June 30 each year, the Comptroller shall transfer $5,000,000 from the Department of Motor Vehicles to the general fund.  This amount represents the estimated revenues derived from a one dollar increase on fees related to motor vehicle records transactions."


Explanation
(This amendment provides an increase of one dollar per records transaction that should generate approximately $5 million annually and represent a 20 percent overall increase. A companion amendment is in Item 480.)