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2008 Session

Budget Amendments - HB29 (Committee Approved)

Reversion Clearing Account Year End Balances (language only)

Item 455.50 #1h

Item 455.50 #1h

Central Appropriations
Central Appropriations

Language
Page 217, after line 8, insert:
"455.5    Miscellaneous Reversion Clearing Account (226000)
Fund Sources: General"
A. On or before June 30, 2008, the Committee on Joint Rules shall authorize the reversion to the general fund of $2,758,883, representing savings generated by legislative agencies in the second year.
B. On or before June 30, 2008, the House Committee on Rules shall authorize the reversion to the general fund of $1,000,000 from the Clerk of the House.
C.  The Director of the Department of Planning and Budget shall, on or before June 30, 2008, unallot $6,250,000 general funds from Item 25 and transfer this amount to the general fund."


Explanation
(This amendment authorizes the transfer of unspent balances within the legislative and judicial branches to the general fund.)