2008 Session

Budget Amendments - HB30 (Conference Report)

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4-3.02 c.3 - Anticipation Loan Amounts (language only)

Item 4-3.02 #3c

Item 4-3.02 #3c

Treasury Loans

Page 509, after line 3, insert:
"3.  Anticipation loans for operating expenses shall be in amounts not greater than the sum identified by the agency as the minimum amount required to meet projected expenditures.  The term of any anticipation loans granted for operating expenses shall not exceed 12 months."
Page 509, line 4, strike "3" and insert "4".
Page 509, line 7, strike "4" and insert "5".
Page 509, line 10, strike "5" and insert "6".

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