2015 Session

Budget Amendments - HB1400 (Member Request)

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Chief Patron: Cole
HB 1287 - Asset Forfeiture

Item 136 #9h

Item 136 #9h

First Year - FY2015 Second Year - FY2016
Education: Elementary and Secondary
Direct Aid To Public Education FY2015 $0 FY2016 $50,000 GF
FY2015 $0 FY2016 ($50,000) NGF

(This amendment provides $50,000 from the general fund to offset a potential reduction in literary fund transfers of $50,000 pursuant to House Bill 1287 which modifies the Code related to the forfeiture of assets during criminal prosecutions. Assets that are seized as a result of criminal prosecutions are eventually sold and the proceeds are deposited into the literary fund. The $50,000 estimate is a placeholder until a fiscal impact estimate for the legislation is finalized.)