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2009 Session

Budget Amendments - SB850 (Member Request)

Chief Patron: Wampler
Federal Fiscal Stimulus (language only)

Item 3-3.05 #1s

Item 3-3.05 #1s

General Fund Deposits
Federal Fiscal Stimulus

Language
Page 616, following line 21, insert:
"3-3.05 FEDERAL FISCAL STIMULUS
The Governor is authorized to solicit and accept federal grants and/or enhanced federal reimbursement that result from legislation enacted in the 111th session of Congress to stimulate the economy and provide state fiscal relief.  Notwithstanding any other provision of this Act, funds so received shall be allocated for the specific purpose stated in the legislation.  To the degree that unrestricted funds are received, and the use of said funds has not been specified in this Act by the General Assembly, the allocation of funds shall occur only after a 30-day notice in writing to members of the General Assembly of the intended use of said unrestricted funds.  Monthly general fund revenue reports provided to members of the General Assembly shall include an updated status report on the amount of federal funds received under various sections of the federal legislation and details on the allocation of funds."


Explanation
(This amendment is self-explanatory.)