2019 Session

Budget Amendments - HB1700 (Committee Approved)

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Department of Mines, Minerals and Energy

Item 117 #3h

Item 117 #3h

First Year - FY2019 Second Year - FY2020
Commerce and Trade
Department of Mines, Minerals and Energy FY2019 ($10,000,000) FY2020 $0 GF

Page 111, line 3, strike "$13,116,931" and insert "$3,116,931".

Page 111, strike lines 31 through 36.


(This amendment removes funding proposed in House Bill 1700 as introduced for the development of a revolving loan fund and loan-loss reserve fund intended to incentivize private investments in energy efficiency, renewable energy, alternative fuels, and similar conservation-related projects in the public and private sectors. The Committee budget funding levels were limited to the additional dollars available pursuant to the economic reforecast presented in December, identified programmatic savings, and revenues generated by legislation expanding the collection of sales tax attributable to internet sales. All revenues attributable to the Tax Cuts and Jobs Act (TCJA) are captured in the Taxpayer Relief Fund and the Revenue Reserve Fund in Item 475.10. This required removing approximately $1.2 billion in spending compared to House Bill 1700 as introduced.)