2010 Session

Budget Amendments - SB30 (Floor Approved)

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ABC Increased Profits (language only)

Item 3-1.01 #9s

Item 3-1.01 #9s

Interfund Transfers

Page 367, line 41, strike "$44,900,000 the first year and $45,400,000 the second year" and insert "$46,800,000 the first year and $49,900,000 the second year".

(This amendment increases the transfer of net profits to the general fund from the Alcoholic Beverage Control Enterprise Fund by $1,900,000 the first year and $4,500,000 the second year. The increased profits result from (1) the re-estimate of the projected profits from five new ABC stores assumed in the introduced budget; (2) the estimated profits from ten new ABC stores assumed in the committee amendments; and (3) the estimated profits from additional optional Sunday sales. A companion amendment to Item 373 provides additional nongeneral funds and positions for ten additional stores and authorizes the Alcoholic Beverage Control Board to approve Sunday sales in ABC stores in any jurisdiction, with the exception that localities may opt out of that provision.)