2008 Session

Budget Amendments - HB29 (Committee Approved)

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Governor's Proposed DMV Balance Transfer (language only)

Item 3-1.01 #1h

Item 3-1.01 #1h

Interfund Transfers

Page 259, after line 38, insert:
"MM.  On or before June 30, 2008, the State Comptroller shall transfer from the  Department of Motor Vehicles $2,500,000 to the general fund of the state treasury."

(This amendment transfers $2.5 million from DMV to the general fund in fiscal year 2008. These revenues represent amounts appropriated to DMV to cover the costs of its computer system redesign. Because the implementation of this project has been delayed, these revenues are not needed in the current year. This was proposed by the Governor to address the revenue forecast reduction.)