2003 Session

Budget Amendments - SB700 (Member Request)

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Chief Patron: Wampler
Co-Patron(s): Hanger, Hawkins, Norment, Puckett, Ruff, Ticer, Watkins
Tobacco Settlement Foundation (language only)

Item 3-1.01 #6s

Item 3-1.01 #6s

Interfund Transfers

Page 565, strike lines 44-46.

(This amendment eliminates the FY 2003 transfer of $15,514,648 from the Tobacco Settlement Foundation to the general fund that was approved by the 2002 General Assembly. The Foundation operates on an April-March fiscal year to coincide with payments made to the state through the Master Settlement Agreement. Funds are carried forward from one state fiscal year to the next to meet fiscal obligations between July and April. A companion amendment to Item 0 #6s reduces transfers to the general fund by $15,514,648.)