2015 Session

Budget Amendments - HB1400 (Committee Approved)

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Reserve - 2017 Rainy Day Fund Deposit

Item 262 #1h

Item 262 #1h

First Year - FY2015 Second Year - FY2016
Accounts Transfer Payments, Department of FY2015 $99,500,000 FY2016 $0 GF

Page 216, line 51, strike "$243,170,048" and insert "$342,670,048".
Page 217, after insert 40, insert:
"E.1. Out of this appropriation, $99,500,000 the first year from the general fund is included as an advance reservation of any required deposit to the Revenue Stabilization Fund attributable to actual tax collections for fiscal year 2015.
2. The State Comptroller shall deposit the advance reservation of $99,500,000 referenced in paragraph e.1., above, to a reserve account for the Revenue Stabilization Fund prior to June 30, 2015."

(This amendment appropriates $99.5 million from the general fund in the first year in a reserve account for the expected rainy-day fund deposits in the 2016-2018 biennium.)