2016 Session

Budget Amendments - HB30 (Conference Report)

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Capture Savings for DMV from VRS Rate Reduction (language only)

Item 3-1.01 #6c

Item 3-1.01 #6c

Interfund Transfers


Page 446, after line 43, insert:

"DD. On or before June 30, 2017 and June 30, 2018 the State Comptroller shall transfer to the general fund $764,459 the first year and $797,698 the second year from nongeneral fund balances within the Department of Motor Vehicles   representing the savings that will be realized by the Department of Motor Vehicles as a result of the reduction in retirement contributions rates due to the expedited repayment of the deferred contributions which occurred during the 2010-12 biennium."


(This amendment is self-explanatory.)