2018 Special Session I

Budget Amendments - HB5002 (Senate Committee Approved)

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Revenue Reserve

Item 266 #1s

Item 266 #1s

First Year - FY2019 Second Year - FY2020
Department of Accounts Transfer Payments FY2019 ($20,000,000) FY2020 ($70,700,000) GF

Page 217, line 33, strike "$50,000,000" and insert "$30,000,000".
Page 217, line 33, strike "$220,700,000" and insert "$150,000,000".

Page 217, line 37, strike "50,000,000" and insert "30,000,000".

Page 217, line 38, strike "220,700,000" and insert "150,000,000".


(This amendment reflects a general fund reduction of $20.0 million the first year and $70.7 million the second year from the proposed deposit to the Revenue Reserve. These reductions result in deposits of $30.0 million GF in FY 2019, and $150.0 million GF in FY 2020. With these amendments, the total deposit to the Revenue Reserve, inclusive of the FY 2018 deposit of $156.4 million, is $336.4 million GF. It is the intent of the General Assembly that the Revenue Cash Reserve will be fully capitalized within four years, with deposits into the Revenue Cash Reserve through FY 2022 totaling $426.4 million GF.)