2007 Session

Budget Amendments - HB1650 (Committee Approved)

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DMV Treasury Loan (language only)

Item 432 #2h

Item 432 #2h

Motor Vehicles, Department of

Page 458, after line 26, insert:
"D.  The Department is authorized to secure a treasury loan of up to $2,500,000 to be repaid from the anticipation of revenues from the federal government's establishment of Uniform Carrier Registration."

(This amendment authorizes DMV to obtain a treasury loan of up to $2.5 million to address a temporary shortfall in funding due to federal changes in the program governing for-hire interstate motor carriers.)