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2002 Session

Budget Amendments - HB30 (Member Request)

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Chief Patron: Governor Warner
Use of COVANET Savings (language only)

Item 3-1.01 #8h

Item 3-1.01 #8h

Transfers
Interfund Transfers

Language
Page 418, strike lines 6 through 10 and insert:
“R.  The State Comptroller shall transfer from agency nongeneral fund accounts an amount estimated at $1,731,793, each year, resulting from savings pursuant to a telecommunications contract signed between a new vendor and the Department of Information Technology effective July 1, 2000.  From these amounts, the State Comptroller shall transfer to the E-Government Services Fund $853,141 the first year, and $774,714 the second year.   This transfer shall be made each year in four equal quarterly installments.  The State Comptroller shall transfer the remaining amounts, estimated at $878,652 the first year and $957,079 the second year, into the general fund of the state treasury.  The Director, Department of Planning and Budget, shall provide the Comptroller with the specific amount to be transferred from each nongeneral fund account in the affected agencies.“


Explanation
(This amendment adjusts the COVANET savings language to transfer part of the savings to the general fund.)