Language Page 389, after line 32, insert:"In order to carry out the provisions of Chapter 874 and Chapter 891 (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 Chapter 874 and Chapter 891 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."
Explanation(This amendment establishes the appropriation for the Board of Towing and Recovery Operations created under Chapter 874 and 891 (2006 Session). 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.)