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2019 Session

Budget Amendments - HB1700 (Floor Approved)

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ABC Net Profit Transfer (language only)

Item 3-1.01 #1h

Item 3-1.01 #1h

Procedures for Prepayment of Civil Penalties in an Executive Order
Interfund Transfers

Language

Page 552, line 7, strike "$112,900,000" and insert "$115,600,000".

Page 552, line 7, strike "$117,200,000" and insert "$120,000,000".



Explanation

(This amendment increases the net profit transfer to the general fund from the Alcoholic Beverage Control Authority by $2.7 million the first year and $2.8 million the second year relative to the amounts assumed in the introduced budget. In total, the net profit transfer is increased by $5.8 million the first year and $4.5 million the second year relative to the profit transfers assumed in Chapter 2.)