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2010 Session

Budget Amendments - SB29 (Conference Report)

TTF Reduction from Fedl ARRA Sales Tax Exempt (language only)

Item 3-1.01 #2c

Item 3-1.01 #2c

Transfers
Interfund Transfers

Language
Page 319, after line 13, insert:
"BBB.  The State Comptroller shall transfer to the general fund $6,200,000 from the Transportation Trust Fund on or before June 30, 2010."


Explanation
(This amendment transfers $6.2 million from the Transportation Trust Fund to the general fund to reflect the loss of revenues associated with conforming to provisions of the American Recovery and Reinvestment Act as it relates to the income tax deduction for sales tax paid on car purchases.)