2017 Session

Budget Amendments - HB1500 (Committee Approved)

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Funding to Support Local Distress Remediation

Item 257 #1h

Item 257 #1h

First Year - FY2017 Second Year - FY2018
Secretary of Finance FY2017 $500,000 FY2018 $0 GF

Page 234, line 3, strike "$488,354" and insert "$988,354".

Page 234, after line 16, insert:

"C. Out of this appropriation, $500,000 the first year from the general fund is to be used at the discretion of the Secretary of Finance to conduct intervention and remediation efforts in situations of local fiscal distress that have been previously documented by the Office of the Secretary of Finance prior to January 1, 2017. The Secretary shall report periodically on his efforts to the Chairmen of the House Appropriations and  Senate Finance Committees."      


(This amendment provides $500,000 from the general fund to support efforts led by the Secretary of Finance to address intervention and remediation efforts for localities that are fiscally distressed.)