2003 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: Rollison
MVDB Trans Recov Fund (language only)

Item 499 #1h

Item 499 #1h

Motor Vehicle Dealer Board

Page 464, strike lines 30 through 36.

(This amendment strikes language eliminating the Motor Vehicle Transaction Recovery Fund. House Bill 2604 amends language relating to the fund which would allow for voluntary payment into the fund or alternatively, individual bonding. A companion amendment to Part 3 decreases the Governor's proposed balance sweep from the fund to ensure that a $500,000 balance is maintained in the fund to support claims against those who elect to continue operating under the Fund.)