2008 Session

Budget Amendments - HB30 (Conference Report)

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4-3.02 c.2.a - Operating Expenses to Collect NGF Resources (language only)

Item 4-3.02 #2c

Item 4-3.02 #2c

Treasury Loans

Page 508, after line 49, insert:
"2.a)  When the payment of authorized obligations for operating expenses is required prior to the collection of nongeneral fund revenues, any state agency may borrow from the state treasury the required sum with the prior written approval of the Secretary of Finance or his designee as to the amount, terms, and sources of such funds.  Such loans shall not exceed the amount of the anticipated collections of such nongeneral fund revenues and shall be repaid only from such nongeneral fund revenues when collected."
Page 508, line 50, strike "2" and insert "b)".

(This amendment restores language in the General Provisions that the Governor's introduced budget deleted.)