2012 Session

Budget Amendments - HB30 (Committee Approved)

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Reduce Miscellaneous Contingency Reserve Account

Item 469 #3h

Item 469 #3h

First Year - FY2013 Second Year - FY2014
Central Appropriations
Central Appropriations FY2013 ($750,000) FY2014 ($750,000) GF

Page 358, line 9, strike "$12,962,240" and insert "$12,212,240".
Page 358, line 9, strike "$30,042,240" and insert "$29,292,240".
Page 358, line 10, strike  "$1,500,000" and "$1,500,000" and insert:
"$750,000" and "$750,000".

(This amendment reduces the amount of funding provided within Central Appropriations for the miscellaneous contingency reserve account. This funding is unnecessary because other sources of funding are available for these purposes. First, the Governor is permitted to use up to $1.0 million per year from the general fund amounts appropriated for the Governor's Opportunity Fund if there is any insufficiency. Second, the Governor may use up to $2.0 million from the unappropriated general fund balance when (a) insufficient funds are not available within the agency's appropriation and (b) additional funds must be provided prior to the end of the next General Assembly Session.)