2003 Session

Budget Amendments - SB700 (Committee Approved)

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Dredging Royalty Transfer (language only)

Item 3-1.01 #24s

Item 3-1.01 #24s

Interfund Transfers

Page 569, after line 56 insert:
"GGG. Contingent upon the deposit of royalty payments of $2,000,000 from a single project, the Comptroller shall transfer from the Marine Waterways and Habitat Improvement Fund to the general fund of the state treasury, $881,600 by June 30, 2004."

(This amendment transfers from the Marine Habitat and Waterways Improvement Fund to the general fund, a portion of the royalties received from a large dredging permit. This transfer will be used to restore general fund water quality programs eliminated in the introduced budget under Items 380, 385, and 386. The remainder of the royalties from this permit will be available to the Marine Resources Commission for oyster restoration and other habitat and waterway improvements.)