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2002 Session

Budget Amendments - SB30 (Conference Report)

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Executive Management Savings - lottery (language only)

Item 3-1.01 #26c

Item 3-1.01 #26c

Transfers
Interfund Transfers

Language
Page 419, after line 24, insert:
"AA. Prior to June 30, 2003, the State Comptroller shall transfer from nongeneral fund accounts of the State Lottery Department an amount estimated at $891,427 representing savings resulting from seven percent reductions in administrative expenses of the State Lottery Department for fiscal year 2003.  Prior to June 30, 2004, the State Comptroller shall transfer from nongeneral fund accounts of the State Lottery Department an amount estimated at $1,018,773 for fiscal year 2004 representing eight percent reductions in admininstrative expenses."


Explanation
(This amendment captures administrative budget savings of seven percent the first year and eight percent the second year from the State Lottery Department.)