2012 Special Session I

Budget Amendments - HB1300 (Conference Report)

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Mortgage Settlement (language only)

Item 3-1.01 #8c

Item 3-1.01 #8c

Interfund Transfers

Page 182, after line 18, insert:
"WW. On or before June 30, 2012, the State Comptroller shall transfer to the general fund an amount estimated at $66,500,000 from the Regulatory, Consumer Advocacy, Litigation and Enforcement Revolving Trust Fund established in Item 48 of Chapter 966 of the Acts of Assembly of 1994."

(This amendment reflects the transfer to the general fund in the current fiscal year, 2012, the amounts anticipated to be generated for the Commonwealth from the National Mortgage Servicing Settlement. Separate action in House Bill 1301 appropriates $7.0 million of this amount for the creation of a Housing Trust Fund.)