Language Page 386, after line 27, insert:"A. Pursuant to the provisions of House Bill 1258, 2006 Session of the General Assembly, there is hereby created the Board for Towing and Recovery Operators. Initial funding for the Board shall be provided from a Treasury Loan to be repaid within 24 months of Board operation. B. The Board for Towing and Recovery Operators is hereby authorized to request and receive a Treasury Loan to fund the necessary start-up costs associated with initial operations of the Board in an amount not to exceed $700,000. The treasury loan shall be repaid for these costs from the nongeneral fund revenues generated by the Board pursuant to House Bill 1258, 2006 Session of the General Assembly."
Explanation(This amendment creates the Board for Towing and Recovery Operators pursuant to House Bill 1258 and Senate Bill 134, 2006 Session of the General Assembly. This funding will be used to hire staff, and cover rental and other operating costs of the Board. Initial funding will be provided through a Treasury Loan with later year operations being covered by the costs of fees associated with membership.)