2006 Session

Budget Amendments - SB30 (Committee Approved)

Board of Towing and Recovery Operations

Item 455.1 #2s

Item 455.1 #2s

First Year - FY2007 Second Year - FY2008
Board of Towing and Recovery Operations FY2007 $350,000 FY2008 $350,000 NGF
FY2007 3.00 FY2008 3.00 FTE

Page 389, after line 32
"Contingent upon passage of Senate Bill 134 (2006 Session), the Department of Treasury shall provide a treasury loan of up to $350,000 the first year and of up to $350,000 the second year for the operations of the Board of Towing and Recovery Operations.  Revenues received during the biennium and which are due to the Board in accordance with provisions of Senate Bill 134 shall be used to repay any treasury loans made to the Board.  Any treasury loan made shall be in compliance with § 4-3.02 of this act."

(This amendment establishes the appropriation for the Board of Towing and Recovery Operations created under SB 134. Language authorizes the use of a treasury loan to fund the Board's operations until the Board's fee structure and fee collection processes are sufficient. It is anticipated that the Board will be self-funding before the close of the 2006-2008 biennium.)