Chief Patron: Puckett
SB 68 Fire Programs Fund (language only)

Item 436 #1s

Language
Page 329, following line 38, insert:
"All monies received shall be dispersed annually as stated in Section 38.2-401 of the Code of Virginia, as amended by Senate Bill 68 of the 2004 Session."

Explanation
(This amendment references the effect of Senate Bill 68, which requires that insurance companies that write motor vehicle insurance pay a one percent tax on premium income from such insurance, into the Fire Programs Fund. This amendment is contingent upon final passage of Senate Bill 68.)